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!
- » Bulgarian National Bank: We are on the Final stretch on the Road to the Eurozone
- » Finance Ministry: If there is No New Budget by June 10 - Bulgaria could only Spend as much as it Collects
- » Bulgarian National Bank: The Technical Work on the Adoption of the Euro Continues
- » Bulgaria: Inflation Decline and GDP Growth
- » Fitch confirmed the long-term Credit Rating of Bulgaria
- » Ministry of Finance: The Fiscal Reserve of Bulgaria is Decreasing