Bulgaria's financial landscape is on the eve of a massive transformation related to the upcoming introduction of the euro. According to data from leading exchange bureaus, interest in currency conversion has reached unprecedented levels.
Max Baklayan, manager of a chain of exchange points, categorically states: "Since the beginning of June, we have observed an annual growth of over 100%. The volume of exchanged funds is currently twice as large compared to last year".
Official statistics from the Bulgarian National Bank reveal the scale of the upcoming operation - currently, banknotes with a total value of 28,644,421,385 levs are in circulation. Each of these levs is set to be transformed into euros.
An interesting detail is that the majority of clients are exchanging amounts under 5,000 euros, which means a declaration of the origin of funds is not required. According to experts, less than 10% of clients fill out such documents.
The government recommends citizens wait for the official date of euro introduction - January 1, 2026. Vice Prime Minister Tomislav Donchev emphasized that a systematic and commission-free exchange opportunity will be provided, including in the smallest settlements.
An important point is that levs in bank accounts will be automatically converted to euros after the critical date. The first six months after introduction will allow free exchange in all financial institutions.
The Bulgarian National Bank will maintain the service of exchanging levs to euros forever, which additionally guarantees citizens' peace of mind during this massive financial transition.
Experts warn that interest in exchange will continue to grow, with a real rush expected in the months before the official date. Citizens are advised to plan their financial strategy in a timely manner.
This unprecedented currency transition marks a new stage in Bulgaria's economic development, while simultaneously presenting challenges for the financial system and citizens.