Bulgaria Chooses Madara Horseman for National Symbol at Euro Coin Design

Society | June 29, 2008, Sunday // 00:00| Views: | Comments: 3
Bulgaria: Bulgaria Chooses Madara Horseman for National Symbol at Euro Coin Design Bulgaria chose its national symbol for the future Euro coin design after citizens' voting and a final discussion, attended by the President Georgi Parvanov (C). Photo by Nadya Kotseva (Sofia Photo Agency)

Bulgaria chose Sunday the Madarski Konnik (Madara Horseman) for the design of the future Bulgarian Euro coins after a one-year debates in the framework of the national symbol campaign.

The relief near Bulgaria's town of Shumen gathered a total of 25% of all citizens across the country, who voted for months to choose between the rose, the Rila monastery, Madara Horseman and the Cyrillic alphabet.

The final discussion is to take place in the National museum of History, as Bulgaria's President Georgi Parvanov has also attended it.

The relief depicts a majestic horseman thrusting a spear into a lion lying at his horse's feet while an eagle is flying in front of the rider and a dog is running after him. The scene symbolically depicts a military triumph and was engraved in the rock during Khan Tervel's rule.
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» To the forumComments (3)
Dutch - 30 Jun 2008 // 12:36:45

"If the lev is already pegged to the evro then what does it matter if they switch over before they are "ready""

It does not matter....as BG will never be ready. Just like Holland was not ready to convert to the euro. I don't know about other countries, but probably to some or even many the same applies. Why? Because from one day to another a lot of articles became twice as expensive, despite our "precious" Dutch government denied and still denies that the conversion manipulated consumer prices in a negative sense. I understand quite well the denial of the Dutch government though because this shady but legal price hike also meant extra income for the state, generated through 19% VAT. Makes quite a difference to receive 19% over 1 guilder or 2 guilders without the article changing. Salaries did not receive the same treatment....the income in guilders was nicely divided by 2,2...

Some other aspect, which has been unofficially confessed, true for Holland was that the Euro was estimated too high compared to the guilder. Now it was estimated at 2,2 guilders to the euro, while it should have been something like 2,05 guilders to the euro. Everybody with savings lost 0,15 guilder cents per euro...vanished, disappeared, gone. Where?? God knows....probably spent for some stupid actions as the military support for Iraq and Afghanistan, which have been shoved down the throat of the Dutch...against their will (in general of course).

To give an example of what happened on the day of conversion: On 12-31-2001 a beer in a cafe cost 2,25 guilders, on 01-01-2002 the same beer cost 2,25 euro's. No shocker, until one realizes that 2,2 guilders equals 1 euro.
OK, one can live without beer, but with vegetables exactly the same thing happened.

Personally I don't see any reason why this same "scam" would not happen in Bulgaria....so no, please keep that friggin euro far far away for the next 10 years or more.

JKS - 30 Jun 2008 // 11:44:49

I'm not an economics dude so here is my stupid question.

If the lev is already pegged to the evro then what does it matter if they switch over before they are "ready"?

Most major purchases especially real estate is already priced in evro.

Taro - 30 Jun 2008 // 11:03:31

Well, congratulations.

But to reach the Euro, sorry Evro, maturity, it will take a while still...


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