Bulgaria: Representative Rate for the Euro

Author: International Monetary Fund. Finance Dept.

Volume/Issue: Volume 2026 Issue 057

Publication date: February 2026

ISBN: 9798229040327

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Finance , Money and Monetary Policy , Exchange rates , Capital markets , Currencies

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Summary

The Council of the European Union decided on July 8, 2025 that Bulgaria had fulfilled the necessary conditions for adoption of the euro with effect from January 1,2026,1 and that the conversion rate should be set at 1.95583 Bulgarian lev per one euro.2 The Bulgarian authorities notified the Fund on July 31, 2025, that the euro will be their country’s currency, effective from January 1, 2026.