Bulgaria has adopted the Euro(EUR) as its official currency with effect from January 1, 2026, replacing the Bulgarian lev (BGN) after more than two decades following approval by the Council of the European Union(EU) on July 8, 2025.
- Which confirmed that the country met all Maastricht convergence criteria and set the irrevocable conversion rate at 1 EUR = 1.95583 BGN,
- What? Bulgaria adopted the Euro as its Currency
- Effect from: January 1, 2026
- Replaced: Bulgarian lev
- Conversion Rate? 1 EUR = 1.95583 BGN
Bulgaria’s adoption of the Euro:
Eurozone Member: With the adoption of the euro, Bulgaria became the 21st member of the Eurozone, the group of European countries that use the euro as their official currency, marking a major milestone in Bulgaria’s deeper economic integration with the European Union.
Currency Transition: During January 2026, both the BGN and the EUR will be accepted for payments across Bulgaria, with change provided only in euros. From February 1, 2026, the euro will become the sole legal tender, and the Bulgarian lev will be fully withdrawn from daily circulation, completing the currency transition.
Joined Euro system: The Bulgarian National Bank (BNB) has joined the Eurosystem, becoming part of the European Central Bank (ECB) framework. As a result, Bulgarian banks will now fall under the Single Supervisory Mechanism (SSM), strengthening financial stability and banking oversight.
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