Currency - Bulgarian currency facts, currency transfer information and a currency convertor.

The unit of currency in Bulgaria 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 were stated both in new and old leva; after that date, all prices were stated in new leva only. The entire process was performed in order to facilitate all payments, as well as all accounting and exchange operations.

A 5 Leva Bank Note

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 were obliged to accept both old and new banknotes and coins; after that date, the old currency could only be exchanged for new one at a branch of the BNB.

The Bulgarian Lev is pegged to the EURO and Euros are therefore equally accepted across the country.  Universal Currency Converter
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Currency Transfer

If you haven't transferred money abroad before, it can be a bit daunting. Most high street banks will transfer the money for you, however the bank rates are not very competitive and it can make quite a difference when transferring larger amounts.

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