February 28 was the last day when five Bulgarian banks - United Bulgarian Bank, Bulbank, Commercial Bank Biochim, Bulgarian Post Bank and the Bulgarian National Bank (BNB) exchanged the twelve national currencies that are already invalid in most countries in the eurozone. The Bulgarian National Bank applied the euro changeover rate of BGN 1,95. A 0,25% fee was imposed on the sum, covering the expenses for the transportation and insurance of the euro banknotes. After February 28, 2002 BNB will start buying euro banknotes for Bulgarian levs. As the year 2002 arrived around the world 50 BLN coins and 14.5 BLN banknotes - totaling EUR 646 BLN (USD 568 BLN)- became legal tender in Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.

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