Up To BGN 5,000 Fine For Incorrect Conversion And Rounding Of Prices From BGN To EUR
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
In the conditions of high inflation, covering the whole of Venezuela, the authorities in one of the municipalities in the metropolitan area of Katia decided to put into circulation their own currency.
"In the midst of the economic war and the international financial blockade against Venezuela, the Panal-2021 municipality and the Patriotic Force Alexis Viva, in execution of the direct orders of the eternal commander, Hugo Chavez, today puts into circulation the municipal currency," the administration said in a statement.
There are also some pictures of the new currency - 10-note banknotes with a portrait of Chavez, RIA Novosti reported.
The new currency will be used for payments within the municipality.
The price of a rice package was 3 panals, and the rate was 1 panel = 5000 bolivers.
The new banknotes will be printed by a municipal bank.
The unofficial rate of the black market is now nearly 93,000 bolivers per dollar.
For the time being, the central bank's reaction which is in Caracas is not known for Katia's new monetary initiative.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022