On 7 August 2024, the National Assembly in Sofia passed the law for the introduction of euro into the Republic of Bulgaria. The law was then promulgated in the State Gazette, and Bulgaria’s full adoption of the euro will likely take place on 1 July 2025. The law outlines the exchange and supply of banknotes and coins, the period of dual circulation of the Bulgarian lev (BGN) and the euro (EUR), the basic principles and rules, the general rules for currency conversion, regulation and compulsory administrative measures.
Source CMS
See also
- Commission assesses countries’ progress towards adopting the euro (June 2024)
- Bulgaria says it is making every effort for euro adoption in 2025
- ECB reports on progress towards euro adoption
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