Bulgarian Lev to Euro — exchange rate

The Bulgarian lev (лв.) is the national currency of Bulgaria. The rate of this national currency is tied to fluctuations of euro.

The notes are also known as BGN. Minted coins named stotinka are used as change for the Bulgarian lev. 1 BGN equals 100 stotinki. The name itself comes from the French currency – centime. BGN was first issued in 1879. After several monetary reforms, the present design of the notes was shaped. The most recent change of the lev’s design dates back to 1999. Despite numerous claims made by Bulgaria on switching to euro, lev is still used for payment on the country’s territory. It is embellished with the portraits of famous cultural, historical and political figures.

The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.

Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.