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 (upcoming)
Replaced byEuro (1 January 2026)
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 old Bulgarian, the word lev meant "lion"; the word "lion" in the modern language is lаv (IPA: [ɫɤf]; in Bulgarian: лъв). The lev is divided in 100 stotinki (стотинки, singular: stotinka, стотинка). Stotinka in Bulgarian means "a hundredth" and in fact is a translation of the French term "centime." Grammatically, the word stotinka comes from the word "sto" (сто; a hundred).

Since 1997, the lev has been in a currency board arrangement, initially with the Deutsche Mark at a fixed rate of BGL 1000 to DEM 1. After the introduction of the euro and the redenomination of the lev in 1999, this has resulted in a fixed rate to the euro of BGN 1.95583 : EUR 1. Since 2020, the lev has been a part of the European Exchange Rate Mechanism (ERM II). In November 2023, Bulgarian euro coin designs were revealed and approved by the Bulgarian National Bank.[5] Bulgaria will replace the Bulgarian lev with the euro on 1 January 2026.[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. ^ "EU gives Bulgaria green light to adopt euro from start of 2026". Reuters. Retrieved 4 June 2025.
  7. ^ "Euro zone finance ministers recommend Bulgaria adopt euro in 2026". Reuters. Retrieved 19 June 2025.

From Wikipedia, the free encyclopedia · View on Wikipedia

Developed by Nelliwinne