With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency, European Central Bank President Christine Lagarde said in an interview with public service broadcaster BNT. In her words, switching to the euro means that transactions anywhere in the eurozone will be possible without having to exchange money. People will not have to think about exchange rate fluctuations, whether the lev is cheaper, what the exchange rate will be, etc.
''The euro is a strong currency, considered the second reserve currency in the world'', Christine Lagarde added. In response to concerns from citizens about prices and inflation related to the replacement of the lev with the euro, the ECB President commented that these effects will regulate themselves over time.
Published and translated by Kostadin Atanasov
Photo: bntnews.bg
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