       
|
Invest Bulgaria
5 Hristo Kovachev St
Sofia 1527, Bulgaria
Tel: (+359 889) 58 98 61
Office: (+359 2) 843 0416
Fax: (+359 2) 843 0416
|
|
|
|
 |
 |
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. |
|
|
 
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!
|
|
|
|
|
| |
 |
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. |
|
|
