Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

ECB establishes compulsory intervention rates for Bulgarian lev

Photo: EPA/BGNES

The European Central Bank established the compulsory intervention rates for Bulgarian lev and Croatian kuna following their inclusion in ERM II. As of 13 July 2020 the lower rate for the Bulgarian lev is set at 1.66246 per 1 euro, the upper rate – at 2.24920, with the standard 15% margin around the central rate. Bulgaria joined ERM II with its existing currency board in place, with the lev pegged to the euro at a rate of 1.95583:1. The ECB evaluates the currency board exchange rate as adequate and sustainable without setting down any additional requirements. 



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

It will be cloudy over Bulgaria with precipitation and snowfalls

On Wednesday night, there will be rain showers in the south-western regions of the country. At 500 meters above sea level the rain will turn to snow. There will be no precipitation in the north-western regions of Bulgaria. During..

published on 11/12/24 6:50 PM
L to R: Tomislav Donchev, Boyko Borissov, Raya Nazaryan

GERB/SDS announce the start of political consultations in parliament

The coalition GERB/SDS are beginning talks for discussing joint political action within the 51 st National Assembly, the GERB/SDS press centre has announced. The meetings start on Wednesday, 13 November. Talks with the coalition Bulgarian..

updated on 11/12/24 6:02 PM

The Confederation of Labour "Podkrepa" strongly criticizes the draft amendments to the Labour Code

The Confederation of Labour "Podkrepa" has strongly criticized the draft amendments to the Labour Code prepared by the Ministry of Labor and Social Policy, according to which the growth of the minimum wage is linked only to inflation. In a statement,..

published on 11/12/24 5:58 PM