Bulgarian lev

Bulgarian lev
български лев (Bulgarian)
The first Bulgarian banknote, 1885
ISO 4217
CodeBGN (numeric: 975)
Subunit0.01
Unit
Plurallevove, numeric: leva
SymbolThe abbreviation лв. (lv.) is used
Nicknamekint[1]
Denominations
Subunit
1100stotinka
Plural
 stotinkastotinki
Symbol
 stotinkaст. (st.)
Banknotes5, 10, 20, 50, 100 leva
Coins1, 2, 5, 10, 20, 50 st., 1 lev, 2 leva
Demographics
Date of introduction4 June 1880 (1880-06-04)
Date of withdrawal31 December 2025
Replaced byEuro
User(s) Bulgaria
Issuance
Central bankBulgarian National Bank
 Websitewww.bnb.bg
MintBulgarian Mint
 Websitewww.mint.bg
Valuation
Inflation2.2%[2]
 MethodConsumer price index (CPI)
Pegged withEuro (€) = 1.95583 leva
EU Exchange Rate Mechanism (ERM)
Since10 July 2020
1 € =BGN 1.95583[3]
Band15.0% 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]

  1. ^ The nickname for lev can be both kint (masc) and kinta (fem), inflected accordingly for plurals and numerical values (kinta, kinti); stotinka – which literally simply means hundreth (diminutive) – is usually shortened to stinka.
  2. ^ National Statistical Institute, December 2024
  3. ^ Bank, European Central (10 July 2020). "Communiqué on Bulgaria".
  4. ^ "Lev - Definition and More from the Free Merriam-Webster Dictionary". Merriam-webster.com. 31 August 2012. Retrieved 22 July 2014.
  5. ^ "The design of future Bulgarian euro coins has been approved". Radio Bulgaria. Retrieved 27 January 2024.
  6. ^ "Bulgaria meets criteria to join the euro area on 1 January 2026". 4 June 2025.
  7. ^ url=https://www.consilium.europa.eu/en/press/press-releases/2025/07/08/bulgaria-ready-to-use-the-euro-from-1-january-2026-council-takes-final-steps/

From Wikipedia, the free encyclopedia · View on Wikipedia

Developed by Nelliwinne