10 Facts About Bulgarian lev

Stotinka in Bulgarian lev means "a hundredth" and in fact is a translation of the French term "centime".

Since 1997, the Bulgarian lev has been in a currency board arrangement with initially the Deutsche Mark at a fixed rate of BGL 1000 to DEM 1.

Since 2020, the Bulgarian lev has been a part of the European Exchange Rate Mechanism .

The Bulgarian lev was scheduled to be supplanted by the euro on 1 January 2024.

All stotinki coins feature a head of wheat around denomination on the reverse and state emblem on the obverse, while the Bulgarian lev coin depicts an olive branch wreath around the denomination.

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Higher denomination Bulgarian lev coins have been introduced into circulation at an irregular basis with varying sizes and metallic compositions, including silver.

On 5 July 1999 the Bulgarian lev was redenominated at 1000:1 with 1 new Bulgarian lev equal to 1 Deutsche Mark.

Since Bulgaria gained EU membership in 2007 various dates have been suggested as the expected end of the Bulgarian lev: towards the end of that year 1 January 2012 was a possible date; however, the global financial crisis of 2008 and the Eurozone crisis cooled the initial enthusiasm for the euro.

The 1 and 2 Bulgarian lev notes were later replaced by coins of similar value and withdrawn from circulation.

Fourth Bulgarian lev was pegged to the German mark at par from the start.