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Currency in Bulgaria (Bulgarian Lev)

This guide was written by Francine Carrel, Assistant Editor at Guides.Global (office@guides.global).

It was written on 05 January 2017. The law and practice in Bulgaria change all the time. Our guides are updated as frequently as possible - typically every three years - but may be out of date.

Our guides are prepared by professionals from many countries. They are, of necessity, both brief and general and can take no account of your personal circumstances. They are intended to be a good introduction to the subject BUT ARE NO SUBSTITUTE FOR PROPER PROFESSIONAL ADVICE, which our contributors will usually be happy to provide upon request.

The advice and opinions contained in the guides are those of the author and are not necessarily those of Guides.Global.

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The scope of this guide

This guide is about the currency of Bulgaria - the Bulgarian lev. It gives a brief overview and looks at historical exchange rates.

Introduction

The Bulgarian lev (which comes from the Bulgarian word for 'lion') was first introduced in 1881, and has since gone through several incarnations. The fourth, and current, lev was first pegged to the Deutsche Mark at 1 lev = 1 Deutsche Mark.

The Bulgarian lev is now pegged to the euro at a rate of 1.95583 leva = 1 euro.

Eventually, Bulgaria will have to adopt the euro but, at present, it doesn't have a target date to make that a reality.

The basics

Name: Lev ( лев)

Plural: leva (левa)

Symbol: лв

Currency code: BGN

Divisions: 1 lev = 100 stotinki (стотинки)

Historical exchange rates (units per BGN)

Source: XE.com

Other guides of interest

 Description Link 
Bulgaria Country Guide
Important facts and figures
country guide for  bulgaria

You may also want to read:

 Description Link 
The Bulgarian Lev
A short history from Famous Wonders
The Bulgarian Lev

Readers' Comments

 

Further information?

I hope you have found this guide useful. If you need any further help, please contact me.

Francine Carrel

5 January 2017


 

This guide was co-authored by John Howell (Email: John.Howell@Guides.Global or John@jhco.org. Web: www.jhco.org or www.Guides.Global)

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