Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The lev will be eternally exchangeable after the adoption of the euro

Levon Hampartsumyan
Photo: BTA

We should not blame the euro for our own fears and failures. If Bulgaria adopts the single currency, the system with which we measure our economic success or failure will be in euros instead of leva, banker and economist Levon Hampartsumyan said for the BNR. In his words, Bulgarians should not to be afraid of the euro. The currency conversion will be at the expense of the state, without fees and commissions.

''As regards the mortgage loans, there will be no rounding of figures. The currency conversion will most likely be automatic because re-signing such a large number of contracts would be an administrative nightmare", the banker pointed out. ''The National Bank will exchange leva for euros indefinitely. This money will not lose its value after the adoption of the euro", the banker assured and referred to Germany where people still keep around 30 billion Deutsche Marks in their homes.




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

Research Center Trend: 41% of Bulgarians say they have difficulty accessing quality food

Only 6% of Bulgarians lead a healthy lifestyle, according to a sociological survey conducted by the Research Center Trend, commissioned by the Health Metrics company. 42% of respondents say they "rather" lead a healthy lifestyle, while 35% say..

published on 6/11/25 5:31 PM
Kresna Gorge

Struma Highway will pass outside the Kresna Gorge

Bulgaria's Road Infrastructure Agency has announced that environmental activists have withdrawn their complaints and terminated the cases related to the construction of the last unfinished section of the Struma Highway through the Kresna Gorge. Given..

published on 6/11/25 3:38 PM

Georg Georgiev: Bulgaria has no conditions apart from those of the EU for the EU membership of North Macedonia

Minister of Foreign Affairs Georg Georgiev spoke by phone with his counterpart from the Republic of North Macedonia .  Timcho Mucunski, officially informing him about the decision of the Bulgarian Parliament adopted on May 30, 2025, on the progress of..

published on 6/11/25 3:25 PM