Bulgarian Lev


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Bulgarian Lev

The currency of Bulgaria. The fourth lev replaced the third lev in 1999 at a ratio of 1,000 third leva to one fourth lev. At its introduction, the lev was pegged to the Deutsche mark at a 1:1 ratio. When Germany adopted the euro, Bulgaria unofficially switched its peg to the new currency at a ratio of 1.95583 leva to one euro.
References in periodicals archive ?
One hundred sixty thousand Levs / VAT or 192 000 lev incl; Prices are in Bulgarian lev.
Yordan Tsonev, an economist and Deputy Chair of the ethnic Turkish Movement for Rights and Freedoms (DPS) party, has termed the proposal of Finance Minister Simeon Djankov concerning the Silver Fund as a blow against the stability of the Bulgarian lev.
Guarantees shall be provided fours amount of money deposited in a bank account "UniCredit Bulbank Bulgaria", IBAN BG56UNCR763010EONGRID1, BIC UNCRBGSF original or certified bank guarantee to the Bulgarian lev.
In it, he stressed that Bulgaria is not worried about the board that pegs the Bulgarian lev to the euro.
Eastern European currencies have slumped with the Bulgarian lev (-15%), Czech koruna (-22%) and Croatian kuna (-8%) all suffering.
As the people who created the stability of the country's monetary and bank systems and its public finances, we insist for the Bulgarian institutions to analyze in depth the risks for the financial system in order to not allow the EUR crisis to shake the stability of the Bulgarian lev and citizens' deposits," Kostov stressed.
And thanks to the stability of sterling against the Bulgarian lev the prices of food and drink in Bansko made it hands-down winner again.
The bad news for anyone carrying out such a campaign is, without all the channels, a lot of Bulgarian Lev will leak out of Sophia's coffers without maximum effect.
Bulgaria is country with the second smallest foreign debt in the EU, we have a stable fiscal reserve, which is a good precondition for the stability of the Bulgarian lev," Borisov told the potential Czech investors.
And this is being reflected in business at the PO, which saw, for example, a 750 per cent increase in demand for Bulgarian lev notes.
The Bulgarian lev is tied in a currency board to the euro, meaning it has avoided the foreign-currency debt problem that has been crippling for some other eastern Europeans.

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