About the Bulgarian Lev
The current Bulgarian Lev (BGN) was introduced in 1999, replacing the old lev (BGL) at a rate of 1000:1. The new lev was pegged to the German Deutsche Mark at par.
The word 'Lev' means 'lion' in an archaic form of Bulgarian, reflecting the national symbol of Bulgaria.
Interesting Facts
The Lion Currency
The name of the currency, Lev, means 'lion' in old Bulgarian, a powerful symbol of the nation.
Stable Euro Peg
The Bulgarian Lev has a long-standing, stable peg to the Euro, which is a cornerstone of the country's monetary policy.
Path to the Eurozone
Bulgaria is on the path to adopt the Euro, which will eventually replace the Lev as the national currency.
Historical Timeline
The first lev is introduced.
A second lev is introduced after post-war inflation.
A third lev is introduced.
The fourth and current lev (BGN) is introduced and pegged to the Deutsche Mark.
The peg is switched to the Euro at a rate of 1 EUR = 1.95583 BGN.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- BGN
- Symbol
- лв
- Numeric Code
- 975
- Subunit
- Stotinka (1/100)
- Introduced
- 1999-07-05
Central Bank
- Name
- Bulgarian National Bank
- Headquarters
- Sofia, Bulgaria
- Founded
- 1879
- Current Governor
- Dimitar Radev (since 2015)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 5.4%
- Interest Rate
- 3.79%
Exchange Rates
What Affects the BGN Exchange Rate?
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