Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The lev will be eternally exchangeable after the adoption of the euro

Levon Hampartsumyan
Photo: BTA

We should not blame the euro for our own fears and failures. If Bulgaria adopts the single currency, the system with which we measure our economic success or failure will be in euros instead of leva, banker and economist Levon Hampartsumyan said for the BNR. In his words, Bulgarians should not to be afraid of the euro. The currency conversion will be at the expense of the state, without fees and commissions.

''As regards the mortgage loans, there will be no rounding of figures. The currency conversion will most likely be automatic because re-signing such a large number of contracts would be an administrative nightmare", the banker pointed out. ''The National Bank will exchange leva for euros indefinitely. This money will not lose its value after the adoption of the euro", the banker assured and referred to Germany where people still keep around 30 billion Deutsche Marks in their homes.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

State-owned enterprises to combat corruption through a compliance officer

The National Assembly has introduced a new requirement for state-owned enterprises to implement corruption risk management systems, which will also include appointing an integrity officer. The measure is recommended by the Organisation for Economic..

published on 11/27/25 1:30 PM

Budget 2026 is being frozen, GERB are ready to rule with the old budget

GERB leader Boyko Borissov said that he did not like budget 2026 and it would be frozen. Speaking to the media in parliament, Borissov said that the Joint Governance Council of the formations in the government, the Prime Minister..

published on 11/27/25 11:18 AM
Hristijan Mickoski

North Macedonian Prime Minister mocks attacked Macedonian Bulgarian Vladimir Perev

North Macedonian Prime Minister Hristijan Mickoski accused attacked Macedonian Bulgarian journalist Vladimir Perev of staging the attack and self-harm, BGNES has reported. On November 21, in a shop in the center of Skopje, Perev..

published on 11/27/25 8:55 AM