How much lev has been exchanged for euros so far?

Between January 1 and May 31, 2025, over 1 billion BGN (Bulgarian levs) were exchanged for euros at the Bulgarian National bank (BNB) alone.

What are some methods used to exchange large amounts of levs without scrutiny?

Some individuals are reportedly using tactics such as making multiple small exchanges below the reporting threshold or purchasing valuable assets to convert hidden levs into legitimate forms.

Why do many Bulgarians prefer to hold cash?

Older generations in Bulgaria often prefer cash due to ancient financial instability, lack of trust in institutions, and a desire to avoid service fees.

What is the deadline for exchanging levs to euros in Bulgaria?

Bulgarians will need to exchange their levs for euros by February 1, 2026, as the country transitions to the Eurozone.

How does the upcoming Euro adoption impact the Bulgarian economy?

The adoption of the euro is expected to bring greater financial stability and integration with the Eurozone, but it also raises concerns about inflation and the potential exposure of hidden wealth.

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Q: Why are Bulgarians exchanging levs for euros?

Bulgaria is preparing to adopt the euro as its official currency, prompting citizens to exchange their levs for euros before the transition deadline.

by Emma Walker – News Editor July 3, 2025

written by Emma Walker – News Editor July 3, 2025

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Bulgarians Convert Billions of Levs to Euros Amid Currency Changeover

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Sofia, bulgaria – As Bulgaria approaches its target date for Eurozone entry, a massive

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Emma Walker – News Editor

Emma Walker – News Editor Emma Walker is News Editor at World Today News, overseeing breaking news and in-depth investigations. Her journalism career spans politics, society, and international events. Emma is dedicated to accuracy, transparency, and timely reporting.

Mattress Cache Removal: Schemes & How People Are Getting Money Back

Bulgarians Convert Billions of Levs to Euros Amid Currency Changeover

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