Survey: Majority of Bulgarians Support Euro Referendum And Would Vote Against Adoption Now
A recent survey by the "Myara" agency reveals that a majority of Bulgarians support the idea of holding a referendum on adopting the euro
A bogus interview with a fictional representative of the International Monetary Fund, aired by a Bulgarian national private radio, has stirred tensions in the country and abroad.
Meant, but not presented as an April 1 joke, the interview with a Hugh Jason, representative of the non-existent Developing Markets department of the International Monetary Fund, voices the radical proposal that Bulgaria introduces the euro as a parallel currency to the lev.
“We believe it is a good idea that Bulgaria adopts the euro as a parallel currency to the lev. That will not be a very difficult task due to the fact that Bulgaria operates in a currency board regime,” the imaginary IMF representative told Darik radio.
According to him the adoption of the euro will make commercial deals cheaper and will bring down interest rates.
“In one of today’s news reports, a person named “Hugh Jason” has made some statements about the Bulgarian economy,“ Tonny Lybek, IMF Resident Representative in Bulgaria and Romania, said in an official statement on Thursday in response to Darik radio April 1 joke.
"We would like to stress that this person is not a representative of the International Monetary Fund (IMF) or a staff member of the IMF. These statements are obviously an April 1 joke. We do not appreciate the misuse of the name of the IMF,” Tonny Lybek stressed.
Meanwhile the Bulgarian National Bank issued a statement, slamming as “unacceptable” the use of such “dangerous jokes”, which “play on people's fears” amid the tough conditions of an unprecedented global economic crisis.
“This absurd idea grossly misuses the name of an extraordinarily influential global financial institution, such as the International Monetary Fund, whose authority has a direct impact on the world financial markets,” the statement said.
According to it what has been described as “a joke” can create tensions and unfounded concerns among the people.
The central bank pointed out that with its assessments of the currency board stability in Bulgaria and the fixed rate of its currency the International Monetary Fund has supported the country's strategy for more than ten years already.
According to the latest data from the Bulgarian National Bank (BNB), the number of individuals in Bulgaria holding bank deposits of over 1 million BGN continues to rise steadily—at an average rate of one new millionaire depositor per day.
According to data published on the Bulgarian National Bank’s (BNB) official website, household lending surged by 20.
The Bulgarian National Bank (BNB) has released another set of practical guidelines regarding the transition to the euro once the country joins the eurozone
A significant portion of Bulgarians' savings is already held in euros, signaling the country's readiness for the currency switch, even before its official adoption
Inflation in Bulgaria is projected to rise ahead of the country’s euro adoption
The Bulgarian National Bank (BNB) has announced that it will stop publishing the key interest rate following the country's adoption of the euro
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