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The unit of currency in Bulgaria (currency code: BGL) is the lev, divided into 100 stotinki. The Bulgarian National Bank is the bank of issue and handles government funds and state-owned enterprises.
On the 5th of July, 1999, the Bulgarian National Bank acted on the previously announced re-denomination of the Bulgarian Lev by introducing new banknotes and coins. The Bulgarian Council of Ministers together with the National Assembly passed and enacted a package of laws and decrees outlining and regulating the re-denomination well before the 5th of July, 1999. Starting at 12:00 am on Monday, the 5th of July, 1999, the Bulgarian lev was substituted by a new lev in a ratio of 1,000:1. That is to say, as of that date 1,000 old leva equaled 1 new lev (equal to 1 Deutsche Mark, 0.51 Euro or US$ 0.55). The re-denomination went into effect for all prices in leva - goods, services, bank accounts, and savings bonds. Until December 31st, 1999, all prices must be stated both in new and old leva; after that date, all prices will be stated in new leva only. The entire process was performed in order to facilitate all payments, as well as all accounting and exchange operations.
Simultaneously with the re-denomination, the Bulgarian National Bank began to circulate new banknotes and coins. Beginning on July 5th, 1999, there were 6 new coins and 6 new banknotes in circulation. Until December 31st, 1999, all individuals and sales persons are obliged to accept both old and new banknotes and coins; after that date, the old currency may be exchanged for new one at any branch of the BNB.
Coins
Banknotes
WARNING:
The criminal law and the
Penal Code of the Republic of Bulgaria prohibit the unlawful
reproduction of its currency and the use of any kind of counterfeit
money! Violators will be prosecuted!
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Graphics by Bulgarian National Bank
Text by Visit to Bulgaria
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 | Storks Nest | © 2023, D. Georgieva |
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DID YOU KNOW?
February 28, 2023
More and more Ukrainians buy homes in Bulgaria
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Call Properties in Bulgaria (a service of easyBG Real Estate LLC) - probably the best UK BG property specialists since 1998. Talk NOW with no obligation to a real person. Please call us at 020 4577-3369 (UK) or +359 29 862-863 (BG) |
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 Whilst every care is taken to ensure that all general information and descriptions of property is correct we advise all clients to make their own checks and take legal advise when purchasing property overseas. Information and price guides subject to change. All properties shown are to the best of our knowledge genuinely for sale at the time of publication (unless clearly marked "Reserved" or "Sold"). Although the properties have been visited by our staff and details are produced in good faith, no responsibility is taken by us for any discrepancies, inaccuracies or omissions. All introductions and referrals to agents, lawyers and other services are made in good faith but no responsibility is taken by us for any problems or negligence which may arise. All background information about Bulgaria is taken from that available in the public domain and is not a recommendation from us or our staff although of course we may add comments and suggestions based on personal experience (such as restaurants)
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Bulgaria: Housing Prices in Sofia continue to Rise
27/04/2023
Property prices continue to rise, but there are already signs of a slowdown in growth. It is expected to be more pronounced in the second half of the year, since the more significant increase last year was also registered then. [read more]
20 landmark buildings across Bulgaria will be lit up in green to honour St Patrick's Day
16/03/2023
On St. Patrick's Day, March 17 the Embassy of the Republic of Ireland in Bulgaria will light in green 20 landmark buildings across Bulgaria. There will be also two literary exhibitions dedicated to Irish famous Nobel prize winners writers – James Joyce and Samuel Beckett. Beckett will be presented in Tryavna while Joyce will be presented at Veliko Tarnovo University where there is a faculty of Irish literature. [read more]
independent.co.uk
17/04/2018
If you're looking for a cheap beach holiday this summer, you should head to Bulgaria and Turkey, according to the 12th annual Post Office Travel Money Holiday Costs Barometer. [read the article]
Decline in Real Estate Transactions in Bulgaria: Further Price Growth is Not Expected
28/02/2023
At the end of last week, a business forum dedicated to the challenges facing the real estate market in Bulgaria was held in Varna. The experts who took part in the event united around the opinion that the past year was successful for the real estate market in Varna. There is a growth in both demand and supply, as well as in new construction, where the growth is about 22%. [read more]
independent.co.uk
13/12/2017
British holidaymakers are moving east to extract more value for their pounds, according to Europe’s biggest travel firm, writes Simon Calder in Bulgaria and Croatia See More Bargain-Seeking Brits. [read the article]
More and more Ukrainians buy homes in Bulgaria
28/02/2023
The war in Ukraine and the refugee wave to Bulgaria have had an impact on the housing market, which was previously stagnant due to the pandemic. [read more]
A Briton works for the benefit of locals to turn Stoikite in the Rhodope Mountain into a model village
13/02/2023
Steven Proctor comes from Newbourne - a small town in the southern part of Great Britain. By profession he is a mechanical engineer, and by residence he is now a resident of the Rhodope Mountains and, more precisely, a resident of the Rhodope village of Stoikite. The 47-year-old Englishman settled here three years ago, together with his Bulgarian wife Vanya. [read more]
oxfordbusinessgroup.com
22/07/2010
Nick Lavtchiev, director of Easy BG - a company that deals almost exclusively with UK clients - told Oxford Business Group (OBG) recently that, "Over-urbanisation is no good for this market. What is the point of going on vacation or having a home in a place that is as overpopulated and ugly as where you came from? There are plenty of other places in the middle of nowhere that are of interest to aspiring permanent residents.". [read the article]
British Ambassador Rob Dixon: For a very long time, property and assets have been stolen from the Bulgarian people
13/02/2023
“For the first time, we are identifying individuals from Europe as being at risk of serious corruption,” British Ambassador to Bulgaria Rob Dixon said in an interview with bTV. [read more]
irishtimes.com
26/04/2018
The flipside is that Bulgarian property is now remarkably affordable and probably appropriately priced. Properties that sold for €80,000 10 years ago are widely available now for €25,000, writes Diarmaid Condon in Is the price now right for Bulgarian property investments?. [read the article]
Buildings constructed post 2000 have the highest earthquake resistance, urbanist says
09/02/2023
The horrifying images of collapsed buildings and destroyed infrastructure after the earthquake in Turkey and Syria placed the question about the state of the housing stock in Bulgaria back on the agenda of society. [read more]
The Report - Emerging Bulgaria 2007
01/01/2007
"There is significant scope for development of spa and welness tourism due to Bulgaria's many mineral springs. Golf course development is another area where we are seeing growth." said Nick Lavtchiev, CEO of easy BG a local property firm". [read the book]
telegraph.co.uk
05/05/2004
The prices are almost irresistible, but buyers must beware dodgy deals and 'iffy' infrastructure, writes Cheryl Markosky in Bulgaria Beckons. [read the article] |
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