Before the introduction of the euro, companies and citizens are rapidly depositing money into banks

published on 9/17/25 8:45 AM

Photo: BGNES

Bulgaria's Ministry of Finance placed 7-year government securities on the domestic market for 300 million leva. (144 million euros) and an interest rate of 3.25%. The submitted purchase orders amounted to 446 million leva with a coverage ratio of 1.49. The auction is the 11th on the domestic market since the beginning of 2025.

The new domestic debt raised has reached 2.7 billion leva. The total new debt taken on in the foreign and domestic markets for 2025 is 16.8 billion leva. The maximum new government debt set in the budget is 18.9 billion leva.

The Bulgarian National Bank reported a decline in leva in circulation by 9%. As of August 31, there were 556.8 million banknotes in circulation, while at the end of 2024 there were over 611 million. The main reason is that companies and citizens are actively depositing their money in banks to be automatically converted with the introduction of the euro on January 1. Many banks have announced that they are temporarily waiving fees for depositing money to encourage the process.

Edited by Ivo Ivanov
English: R. Petkova

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Before the introduction of the euro, companies and citizens are rapidly depositing money into banks

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