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Bulgarian lev information


Bulgarian lev
лев (Bulgarian)
The first Bulgarian banknote, 1885
ISO 4217
CodeBGN (numeric: 975)
Subunit0.01
Unit
Plurallevove, numeric: leva
SymbolThe abbreviation лв. (lv.) is used
Nicknamekint[1]
Denominations
Subunit
1100stotinka
Plural
 stotinkastotinki
Symbol
 stotinkaст. (st.)
Banknotes5, 10, 20, 50, 100 leva
Coins1, 2, 5, 10, 20, 50 st., 1 lev, 2 leva
Demographics
Date of introduction4 June 1880 (1880-06-04)
User(s)
  • Bulgarian lev Bulgaria
  • Formerly:
  • Bulgarian lev Independent Macedonia (briefly in 1944)
  • Bulgarian lev Democratic Federal Macedonia (1944–1945)
Issuance
Central bankBulgarian National Bank
 Websitewww.bnb.bg
MintBulgarian Mint
 Websitewww.mint.bg
Valuation
Inflation14.3% (2022)
Pegged withEuro (€) = 1.95583 leva
EU Exchange Rate Mechanism (ERM)
Since10 July 2020
1 € =BGN 1.95583[2]
Band15.0% de jure; 0.0% de facto

The lev (Bulgarian: лев, plural: лева, левове / leva,[3] levove; ISO 4217 code: BGN; numeric code: 975) is the currency of Bulgaria. In old Bulgarian, the word "lev" meant "lion"; the word "lion" in the modern language is lаv (IPA: [ɫɤf]; in Bulgarian: лъв). The lev is divided in 100 stotinki (стотинки, singular: stotinka, стотинка). Stotinka in Bulgarian means "a hundredth" and in fact is a translation of the French term "centime." Grammatically, the word "stotinka" comes from the word "sto" (сто; a hundred).

Since 1997, the lev has been in a currency board arrangement with initially the Deutsche Mark at a fixed rate of BGL 1000 to DEM 1. After the introduction of the euro and the redenomination of the lev in 1999, this has resulted in a fixed rate to the euro of BGN 1.95583 : EUR 1. Since 2020, the lev has been a part of the European Exchange Rate Mechanism (ERM II). When all the conditions are met, Bulgaria is supposed to join the Eurozone by 1 January 2025. In November 2023, Bulgarian euro coin designs have been revealed and approved by the Bulgarian National Bank.[4]

  1. ^ The nickname for lev can be both kint (masc) and kinta (fem), inflected accordingly for plurals and numerical values (kinta, kinti); stotinka – which literally simply means hundreth (diminutive) – is usually shortened to stinka.
  2. ^ Bank, European Central (10 July 2020). "Communiqué on Bulgaria".
  3. ^ "Lev - Definition and More from the Free Merriam-Webster Dictionary". Merriam-webster.com. 31 August 2012. Retrieved 22 July 2014.
  4. ^ "The design of future Bulgarian euro coins has been approved". Radio Bulgaria. Retrieved 27 January 2024.

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