Minister Goranov: BGN-EUR Exchange Rate Won't Change
After consultations with the political forces in parliament, Finance Minister Vladislav Goranov stated that until its entry into the Eurozone Bulgaria will not change the exchange rate of the Bulgarian Lev which is now pegged to the Euro at EUR 1 to BGN 1.95583, BNR reported.
Minister Goranov made this statement with regard to the fears that during the country’s time within the ERM II this fixed exchange rate could be altered. Bulgarian National Bank governor Dimitar Radev commented that, after his meetings with the individual parliamentary groups, he is optimistic that Bulgaria will enter the currency mechanism, and the Eurozone, with the exchange rate currently in place.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » How Bitcoin Can Promote Financial Services
- » Differences Between Manual and Automated Trading
- » French Antitrust Regulator: Google to Pay USD 600 Mln over Neighboring Rights Issue
- » EC Revises Up Economic Growth Forecast for Bulgaria in 2021, Down for 2022
- » Finance Minister: Speculation about Upcoming 50% Rise in Corporate Tax "Sheer Nonsense"
- » Bulgarian Development Bank: New BGN 1.7 Billion for Small and Medium Business