Bulgarian leva: exchange rate against the euro and the ruble. Bulgarian lev: where to buy?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

In Bulgaria, the national currency is the Bulgarian lev, denoted as BGN. One Bulgarian lev can be decomposed into 100 stotinki, which are the small coins of Bulgaria. In monetary circulation, one can observe banknotes in denominations of one, two, five, ten, twenty, fifty and one hundred Bulgarian leva and coins in denominations of one, two, five, ten, twenty and fifty stotinki.

What is depicted on Bulgarian banknotes?

The front part of the banknote of one Bulgarian lev is represented by the image of the Bulgarian Saint John of Rylsky. The reverse side of this banknote shows the Rila Monastery.

The banknote of two Bulgarian leva has a portrait of the monk and historian Paisiy Hilendrasky on one side, and the coat of arms of Bulgaria on the other side.

The banknote of five Bulgarian leva is decorated with a portrait of Ivan Milev depicted on the front side, and fragments of his paintings on the reverse side.

The front side of the banknote of ten Bulgarian leva shows the image of the astronomer Peter Beron. The reverse side of this banknote isillustration of his scientific papers and telescope.

The image of the revolutionary Stefan Stambolov is printed on the front of the twenty leva banknote. On the back of this banknote there is an image of the building of the National Assembly of Bulgaria and parts of the bridges.

The banknote of fifty leva has an image on the front side, represented by a portrait of the poet Pencho Slaveykov. Fragments of his poems are presented on the reverse side of this banknote.

Public figure Aleko Konstantinov is depicted on the banknote of one hundred leva, in particular, on its facade. The back of this bill depicts his book.

Turning to history, you can find out that the national currency of Bulgaria was put into circulation since 1999.

Bulgarian lev cannot be counterfeited

Banknotes of the national currency of Bulgaria are well protected from counterfeiting, in particular, there is a watermark represented by the country's coat of arms or the abbreviation of the national bank. There is also a protective strip with microtext, which is applied along the edge of the banknote, along its entire length. An additional element of protection is the presence of a polymer strip.

Demand for Bulgarian currency

The currency of Bulgaria occupies one of the leading positions in terms of exchange rate stability in the foreign exchange market. Previously, the Bulgarian leva was pegged to the French franc, and then the relation to the euro was implemented. The Bulgarian Lev against the Euro is quoted as 1:1, 95583. The issue of banknotes and coins is produced by the Central Bank of Bulgaria.

In Bulgariathere are no quotas for the import and export of the currency of other countries, but the import of more than 1,500 US dollars must be declared. The national currency, the Bulgarian lev, is under an import-export ban.

The main source of replenishment of the budget is the export of raw materials. The average annual inflation rate is about 12.2%. The Bulgarian leva is freely convertible, which is why it is always in demand around the world.

How is the Bulgarian lev quoted against the ruble?

The Bulgarian lev against the ruble, according to today's average data, in particular, on 10/08/14, is quoted at a ratio of 1:24.61 when buying and 1:25.75 when selling.

According to the latest data, it is quite difficult to find exchange offices that accept Russian rubles. If there are any, then it is very unprofitable to exchange Russian rubles there.

Mostly tourists take with them euros or US dollars, which are easy to exchange or pay for certain services and purchases. Along with cash, credit cards of well-known payment systems such as Cirrus or Maestro, JCB or Visa, MasterCard, or American Express can be used. The use of plastic cards in Bulgaria has not become as widespread as in Western Europe, but they are still accepted in large hotels, car rental companies, some restaurants and shops in large cities.

Are Bulgarian Levs available for purchase?

Reasonablewonder where to buy a Bulgarian lion. You can always buy the national currency of Bulgaria in local banks. Even on weekends, most of these establishments are open for transactions.

According to many tourists and professional experts, buying the Bulgarian lev in banks is more profitable than in some exchange offices. It is possible that such exchangers charge significant commissions.

A pleasant surprise is the fact that foreign tourists in Bulgaria are en titled to a VAT refund of 20%, according to the "tax free" system, if a purchase was made in excess of 1000 levs within one store. It will be possible to make a return when leaving Bulgaria through the return point at the airport.

How not to stumble upon exchange scammers?

Many tourists, pursuing the goal of a better purchase of the Bulgarian currency, fall for scammers, usually standing near exchange offices or being their employees, who can provide knowingly false information.

There are three rules that can help a tourist not lose money when exchanging, namely:

1. It is recommended to carefully study the information board near the exchange office. Carefully inspect it from all sides and check for the presence of a second, hidden one, where a reliable course is indicated.
2. Before the exchange procedure, you should ask the exchange office employee to indicate on paper the number of Bulgarian levs that can be purchased, for example, for$100.
3. It is worth remembering that advertising an unreasonably high exchange rate is a clear sign of fraud.

To avoid such a situation, it is still worth buying Bulgarian leva at the branches of the national bank, besides, the official exchange rate is always more profitable than in a hotel. You can find out about the current buying and selling rate of the Bulgarian lev in the operating room of each local bank, without delays and other problems. At the same time, employees of such institutions will always advise the client on the availability of effective favorable conditions for the exchange of the Bulgarian currency.