Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

ECB establishes compulsory intervention rates for Bulgarian lev

Photo: EPA/BGNES

The European Central Bank established the compulsory intervention rates for Bulgarian lev and Croatian kuna following their inclusion in ERM II. As of 13 July 2020 the lower rate for the Bulgarian lev is set at 1.66246 per 1 euro, the upper rate – at 2.24920, with the standard 15% margin around the central rate. Bulgaria joined ERM II with its existing currency board in place, with the lev pegged to the euro at a rate of 1.95583:1. The ECB evaluates the currency board exchange rate as adequate and sustainable without setting down any additional requirements. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Dimitar Glavchev

Dimitar Glavchev: There is potential danger of a migrant wave

There is a potential danger of a wave of migrants, caretaker Prime Minister Dimitar Glavchev said at a briefing after the meeting of the Consultative Council on National Security , at which the risks to this country stemming from the..

published on 10/4/24 3:09 PM

There is no direct threat to Bulgaria from the escalation of tension in the Middle East

At the moment, there is no direct threat to our country stemming from the sharp deterioration of the security environment in the Middle East, President Rumen Radev announced after the three-hour meeting of the Consultative Council on..

published on 10/4/24 2:26 PM
Caretaker Defence Minister Atanas Zapryanov

Bulgaria must be prepared for all scenarios in the Middle East: Defence Minister Atanas Zapryanov

We must be prepared for the worst-case scenario because the situation is escalating after Iran’s direct attack against Israel, said caretaker Minister of Defence Atanas Zapryanov for public service TV BNT. “We have response steps which is the next..

published on 10/4/24 10:51 AM