Bulgarian Lev

The Bulgarian Lev is divided into 100 stotinki. Coins are minted in denominations of 1, 2, 5, 10, 20, 50 stotinki, and 1 and 2 leva. Banknotes are issued in 5, 10, 20, 50, 100 leva denominations.

Each BGN banknote features prominent Bulgarian historical figures on the obverse and significant cultural monuments on the reverse, symbolizing the rich history and cultural heritage of Bulgaria.

The stability of the Bulgarian Lev is maintained by its peg to the Euro, which plays a crucial role in facilitating economic transactions both domestically and within the European Union. However, this also means Bulgaria's economic conditions are closely tied to the economic health of the Eurozone.

Bulgaria's intention to join the Eurozone, which has been approved by the European Central Bank and the European Commission, could have implications for the future of the Lev. The transition to the Euro will further integrate Bulgaria into the European economy, but it also means that the country will lose its ability to set its monetary policy.

The Bulgarian National Bank oversees the regulation and policy of the BGN. It ensures the stability of the currency, sets rules on its issuance and exchange, and implements measures against money laundering and financial terrorism. The BNB also plays a significant role in maintaining the stability of the national financial system.