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Bulgaria is preparing to adopt the euro on January 1, 2024. Our country is already preparing a national plan to do so smoothly.
Bulgaria is preparing to introduce the euro from January 1, 2024. This is the indicative date from which prices will be in the single currency, which will replace the lev, according to changes in a decree of the Council of Ministers on our preparation for entry. in the eurozone. As the date is indicative, it is possible that the introduction of the euro will take place later, in mid-2024.
By June 30, 2021, a coordinating council will be established to develop a National Plan for the introduction of the euro in Bulgaria. The Council will be co-chaired by the Minister of Finance and the Governor of BNB.
The responsibilities of the various institutions for the introduction of the euro have also been defined. For example, the BNB will be responsible for the ATM software to ensure that they work with euro banknotes. The Central Bank is also responsible for the design of the Bulgarian euro coins.
A working group will ensure that there is no speculation by recalculating prices from BGN to EUR and rounding up. Information materials will also be prepared for students, retirees, households and people with special needs to explain the stages of the introduction of the euro.
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