Damaged Leva Banknotes to Be Exchanged for Euros Under BNB’s New Guidelines
The Bulgarian National Bank (BNB) has released another set of practical guidelines regarding the transition to the euro once the country joins the eurozone
The bill of BGN 2 will not be going into history soon, according to media reports, citing insiders from the central bank.
High costs for the production of bimetallic coins and the recent decline in cash circulation have forced Bulgaria's National Bank to reconsider its proposal to stop printing the bill of BGN 2 and replace it by a coin, Standard newspaper reported, citing insiders.
Last month BNB reported that in recent years the printing of BGN 2 bills has been generating losses for its printing house.
"The BNB printing house loses BGN 1.2 M annually from the production of bills and the establishment of the joint venture with our French partner would bring us the same amount in profit," said BNB Governor Ivan Iskrov during a hearing in the parliamentary budget committee on October 19.
There he presented the partnership deal between the Bulgarian Central Bank and the third largest world producer of bank bills Fran?ois-Charles Oberthur International SA.
BNB also announced that in the future, Bulgarian currency could be printed by foreign printing houses and foreign currency could be printed in Bulgaria after the planned joint venture with the French partner is inked.
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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