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25% of household deposits are now in euros

published on 4/30/25 4:23 PM

Petar Chobanov

Photo: Bulgarian National Bank

The preparation of the migration of card payments from Bulgarian leva to euros and the corresponding accession by the end of the year of the BORICA card payment system to TARGET is in an advanced phase, the Deputy Governor of the Bulgarian National Bank, Petar Chobanov, told BTA.

The accession implemented by the BNB to the Eurosystem TIPS service already allows for immediate local and cross-border payments in euros - up to 10 seconds at any time of the day.

According to Chobanov, 25% of household deposits and 32% of those of companies are already in euros, which shows that the euro is already well accepted among the population and business due to Bulgaria's economic ties with the eurozone and the EU.

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Radio Bulgaria News adoption of the euro Bulgarian National Bank deposits euro

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