Bulgaria and Euro: All your Concerns Answered

This is what the diplomat and you may pro with the internationally and you will Balkan issues Radoslav Tochev said in the a remark to own BGNES.

The purpose of one unmarried currency including the Euro is that should your economic climates off certain regions is actually good enough included, homogeneous and you may trade generally along, individuals advantages from devoid of the excess deal costs associated with the fresh new respective currencies.

To have Bulgaria specifically, next to nothing

Instead realizing it, you will find efficiently experienced the Euro economy for over 25 many years. Even after the introduction of this new Currency Panel in the 1997, the fresh new Bulgarian Lev (BGN) was just an official “avatar” or an effective Bulgarian brand, basic toward Italian language draw, and then into euro. The latest lev does not have any independent “life” of their very own, no real financial definition features a great “doomed” future. To your Currency Board, we have willingly deprived ourselves in our economic coverage, and the national lev owes their balances just to the reality that you to.