Bulgaria is preparing to switch to the euro and join the euro area, planned for January 1, 2026. Such a step means closer integration of the country into the common European currency and further economic partnership with other EU countries.
The country has already met the key economic criteria for joining the euro area, including inflation, budget deficit, and exchange-rate stability, which allows switching to the euro within the specified timeframe.
The transition to the euro means not only using the euro banknotes and coins but also participating in the work of the European Central Bank’s Governing Council.
As part of practical preparation of citizens and businesses for the new payment environment, in the country’s cities prices are already being quoted in leva and euros, and government billboards and promotional materials will remind about the exchange rate and the benefits of the single currency.
For businesses, the move to the euro means easier currency conversion, updated accounting, and rewriting invoices, which eases international finance and trade operations.
What will happen to Bulgaria’s national currency?
After the euro is put into circulation, euro coins and Bulgarian lev will remain in circulation for a time alongside the European currency, but eventually the euro will become the sole legal tender.
From early February 2026, levs will no longer be accepted for transactions, and from January 1 to June 30, 2026, all commercial banks will exchange Bulgarian levs and stotinki for euros.
In regions without bank branches, the exchange will be carried out by the Bulgarian Post. After June 30, banks and the post may introduce commissions or gradually discontinue exchange services.
A smooth transition to the euro should ensure price stability, minimize financial risks for both citizens and businesses, and support further development of the country’s domestic market within the euro area.