Bulgaria’s Exchange Bureaus to Fall Under Scrutiny
Bulgaria’s National Revenue Agency will conduct an extensive nation-wide checkup of currency exchange bureaus.
The reason for the tightened control is the upcoming summer tourist season, when the frauds increase.
According to the law, currency exchange bureaus operate at an exchange rate within 5% of the one fixed by the Bulgarian National Bank (BNB).
One of the most common schemes is to switch the numbers of the rates between what is shown outside and inside the bureau, with many clients failing to spot the difference and thus being cheated.
- » Eurostat 'Has Reservations' about Bulgaria's 2014 Deficit Data
- » Bulgaria’s Finance Ministry Successfully Places 10-Year BGN-Denominated GS
- » EC Vice President Sefcovic: EU Wants Transparency, Secure Energy Supplies
- » Bulgaria Launches Tenders for Oil, Gas Exploration Rights at Silistar, Teres Blocks
- » Minister Predicts 50% Increase in Air Traffic over Bulgaria after Launch of Istanbul New Airport
- » Repair Works Begin on Two Bulgarian Motorways, Largest Sofia Boulevard