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

Christmas town opens in Plovdiv’s central square

Plovdiv will offer concerts, bazaars and an ice park for the Christmas and New Year holidays to its citizens and guests, the municipality has announced. Mayor Kostadin Dimitrov will light the Christmas tree in front of the Plovdiv Municipality..

published on 11/27/25 8:05 AM

Bulgaria faces widespread rain and cooler temperatures

On Thursday, minimum temperatures will range from 3° to 19°C, with eastern areas reaching 15–19°C and Sofia around 6°C. The day will be cloudy with widespread rain. Heavy rainfall is expected in western regions overnight and in central and southern..

published on 11/26/25 7:05 PM

Georg Georgiev: Support for Ukraine and pressure on Russia must continue

“Solutions for achieving peace in Ukraine must be based on fundamental principles of the UN Charter, such as sovereignty, independence and territorial integrity.” This was stated by Bulgarian Foreign Minister Georg Georgiev at the informal video..

published on 11/26/25 6:41 PM