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Bulgarian Currency
Bulgarian Currency

Bulgarian Currency

General Information

The unit of currency in Bulgaria (currency code: BGL) is the lev, divided into 100 stotinki. The Bulgarian National Bank is the bank of issue and handles government funds and state-owned enterprises.

On the 5th of July, 1999, the Bulgarian National Bank acted on the previously announced re-denomination of the Bulgarian Lev by introducing new banknotes and coins. The Bulgarian Council of Ministers together with the National Assembly passed and enacted a package of laws and decrees outlining and regulating the re-denomination well before the 5th of July, 1999. Starting at 12:00 am on Monday, the 5th of July, 1999, the Bulgarian lev was substituted by a new lev in a ratio of 1,000:1. That is to say, as of that date 1,000 old leva equaled 1 new lev (equal to 1 Deutsche Mark, 0.51 Euro or US$ 0.55). The re-denomination went into effect for all prices in leva - goods, services, bank accounts, and savings bonds. Until December 31st, 1999, all prices must be stated both in new and old leva; after that date, all prices will be stated in new leva only. The entire process was performed in order to facilitate all payments, as well as all accounting and exchange operations.

Simultaneously with the re-denomination, the Bulgarian National Bank began to circulate new banknotes and coins. Beginning on July 5th, 1999, there were 6 new coins and 6 new banknotes in circulation. Until December 31st, 1999, all individuals and sales persons are obliged to accept both old and new banknotes and coins; after that date, the old currency may be exchanged for new one at any branch of the BNB.
 

Bulgarian Currency

The Bulgarian Bills

Bulgarian Money

WARNING:
The criminal law and the Penal Code of the Republic of Bulgaria prohibit the unlawful reproduction of its currency and the use of any kind of counterfeit money! Violators will be prosecuted!

Bulgarian Currency

The Bulgarian Coins

Bulgarian coins

Bulgarian Currency

Bulgarian Currency Regulations

Foreigners may export and import Bulgarian banknotes and coins in circulation to the amount of up to BGN 10,000. Sums exceeding this amount may be imported and exported only with a permit by the BNB (Bulgarian National Bank), valid for a period of up to 90 days of its issuance date.

The foreign persons may export convertible (hard) currency in amounts that do not exceed the amount of the foreign currency they had imported and declared. They can import unlimited amounts of foreign currency, which is to be declared.

Upon entering and exiting the customs territory of the Republic of Bulgaria foreigners obligatorily fill in a declaration after a sample for the following currency value they carry:

  • Bulgarian banknotes and coins in circulation in amounts over BGN 10,000;

  • Bulgarian coins in circulation of numismatic value;

  • Foreign currency equal to more than US$ 1,000;

  • Shares issued by foreign entities in foreign currency, obligation notes, treasury-bonds, investment and depository certificates, cheques, bills of exchange, order bills, credit letters and other similar valuable papers;

  • Precious metals and precious stones and products of these other than the usual amounts for personal and family use - in type, weight, and value;

  • Coins, containing gold, silver and platinum - in type, weight, and value;

Other (hard) currency values.

The export is prohibited of articles, coins of gold, silver, and platinum of historic, archaeological, artistic, and numismatic value included, except for the cases when there is a permit issued by the Minister of culture.

Foreigners leaving the customs territory of the Republic of Bulgaria may export precious metals in the form of ingots, articles made of them and precious stones, as well as coins containing precious metals within the amounts imported and declared, as well as articles purchased within the country, whose equivalence does not exceed the amount of the foreign convertible currency imported and declared by them.
 



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Exchange Rate Lev Against the US Dollar
Exchange Rate Lev Against the US Dollar

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Current and Capital Account of Bulgaria

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