Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

The lev will be eternally exchangeable after the adoption of the euro

Levon Hampartsumyan
Photo: BTA

We should not blame the euro for our own fears and failures. If Bulgaria adopts the single currency, the system with which we measure our economic success or failure will be in euros instead of leva, banker and economist Levon Hampartsumyan said for the BNR. In his words, Bulgarians should not to be afraid of the euro. The currency conversion will be at the expense of the state, without fees and commissions.

''As regards the mortgage loans, there will be no rounding of figures. The currency conversion will most likely be automatic because re-signing such a large number of contracts would be an administrative nightmare", the banker pointed out. ''The National Bank will exchange leva for euros indefinitely. This money will not lose its value after the adoption of the euro", the banker assured and referred to Germany where people still keep around 30 billion Deutsche Marks in their homes.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Village of Voden, 17 July 2024

The fire in Voden reveals serious lack of network coverage in some parts of Bulgaria

Mobile operators will take urgent steps to improve mobile network coverage for the population in the village of Voden and several neighboring villages . This was decided at a meeting initiated by Prime Minister Dimitar Glavchev and Transport and..

published on 7/19/24 4:23 PM
Village of Otets Paisievo

Spain sends two airplanes to help fight wildfires in Bulgaria

Under the EU Civil Protection Mechanism, Spain has said it will send two aircraft, each with a capacity of around 6 tonnes, to help fight the wildfires in Bulgaria.  It is likely that the flying machines will be able to join the extinguishing efforts as..

published on 7/19/24 4:12 PM
Defence Minister Atanas Zapryanov

EU to co-finance NATO Military Schengen infrastructure projects

Bulgaria is actively working with Greece and Romania to secure EU funding for infrastructure projects to be used for both military and civilian purposes.   This is what Bulgaria's Defence Minister Atanas Zapryanov explained to the MPs in Parliament..

published on 7/19/24 1:13 PM