български лев (Bulgarian) | |
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![]() The first Bulgarian banknote, 1885 | |
ISO 4217 | |
Code | BGN (numeric: 975) |
Subunit | 0.01 |
Unit | |
Plural | levove, numeric: leva |
Symbol | The abbreviation лв. (lv.) is used |
Nickname | kint[1] |
Denominations | |
Subunit | |
1⁄100 | stotinka |
Plural | |
stotinka | stotinki |
Symbol | |
stotinka | ст. (st.) |
Banknotes | 5, 10, 20, 50, 100 leva |
Coins | 1, 2, 5, 10, 20, 50 st., 1 lev, 2 leva |
Demographics | |
Date of introduction | 4 June 1880 |
Date of withdrawal | 31 December 2025 |
Replaced by | Euro |
User(s) | ![]() |
Issuance | |
Central bank | Bulgarian National Bank |
Website | www |
Mint | Bulgarian Mint |
Website | www |
Valuation | |
Inflation | 2.2%[2] |
Method | Consumer price index (CPI) |
Pegged with | Euro (€) = 1.95583 leva |
EU Exchange Rate Mechanism (ERM) | |
Since | 10 July 2020 |
1 € = | BGN 1.95583[3] |
Band | 15.0% de jure; 0.0% de facto |
The lev (Bulgarian: лев, plural: лева, левове / leva,[4] levove; ISO 4217 code: BGN; numeric code: 975) is the currency of Bulgaria. In early modern Bulgarian, the word lev meant "lion"; the word "lion" in the modern standard language is lаv (IPA: [ɫɤf]; in Bulgarian: лъв). The lev is subdivided into 100 stotinki (стотинки, singular: stotinka, стотинка). Stotinka in Bulgarian means "a hundredth" and is, in fact, a direct translation of the French term "centime." Grammatically, the word stotinka is derived from the Bulgarian word "sto" (сто; a hundred).
Since 1997, the Bulgarian lev has operated under a currency board arrangement, initially pegged to the Deutsche Mark at a fixed rate of 1,000 BGL = 1 DEM. Following the introduction of the euro and the redenomination of the lev in 1999, the peg was effectively set at 1.95583 BGN = 1 EUR. Since 2020, the lev has been part of the European Exchange Rate Mechanism (ERM II). In November 2023, Bulgarian euro coins design was approved by the Bulgarian National Bank.[5]
Bulgaria will adopt the euro as its official currency on 1 January 2026, replacing the Bulgarian lev. [6][7]