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.
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Dollar, Australian Dollar, Bulgarian Lev, Danish Krone, Euro, British Pound, Iranian Rial, Swedish Krona, Swiss Franc, Japanese Yen, Canadian Dollar, Kuwaiti Dinar, Norwegian Krone, Romanian Leu, Russian Ruble and Saudi Riyal.
By decision of the National Bank of Serbia the Bulgarian lev was included in the currencies that can be traded on the foreign exchange market in the country.
The proposed increase, which will be first since the beginning of the year,A is due to the expected higher prices of gas supplies in the fourth quarter and weaker Bulgarian lev, the state-ownedA BulgarianA gasA supplier says in a statement on its website.
Pick destination carefully With the pound surging against the dollar and euro as well as the Bulgarian lev, picking the right destination can make your money go further.
Bulgariaas central bank said on Thursday that it would start publishing the exchange rates of foreign currencies against the Bulgarian lev by 6 p.
Although we estimate that Bulgarian lev (BGN)-denominated nominal GDP will be nearly 20% higher than its 2008 peak, we expect domestic demand will only exceed its 2008 level in 2016.
Gornaov alsoA said that replacing the Bulgarian lev with the euro would have a positive economic impact as the financial resources which the country would be able to borrow would be cheaper, the currency risk would be abolished, and the foreign investments would increase.
Euro Australian Dollar Bulgarian Lev Canadian Dollar Croatian Kuna Czech Koruna Egyptian Pound Hungarian New Zealand Dollar Polish Zloty South African Rand Swiss Franc Thai Baht Turkish Lira UAE U.
Hanke is one of the principal designers of the currency board, which after a local financial collapse in the late 1990s pegged the Bulgarian lev to the Deutsche Mark and then to the euro.

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