BGN/NGN Currency Exchange Rate & News

The lev was the currency of Bulgaria from 1880 to 2025. The euro replaced the lev on 1 January 2026; during the cash changeover period, the lev and the euro circulated in parallel for cash payments, and from 1 February 2026 the euro became the sole legal tender in Bulgaria. The name lev derives from an archaic Bulgarian word meaning "lion". The lev was subdivided into 100 stotinki; the term is derived from the Bulgarian word for "hundred" and is modelled on the French centime. On Bulgarian euro coinage, the denominations below one euro use the inscriptions СТОТИНКА / СТОТИНКИ as the Bulgarian equivalent of "cent". Under a currency board introduced in 1997, the lev was initially pegged to the Deutsche Mark. In 1999, the lev was redenominated at 1000:1 with 1 new lev equal to 1 DEM. Subsequently the peg was shifted to the euro at a fixed rate of 1 EUR = 1.95583 BGN. The lev joined the European Exchange Rate Mechanism on 10 July 2020 at the same rate until ultimately exiting both the ERM II and the currency board upon joining the Eurozone on 1 January 2026. Wikipedia

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