BNB Provides Guidelines for Transition to Euro by 2026

The Bulgarian National Bank announced a new series of questions and answers aimed at informing Bulgarian citizens and businesses about the upcoming introduction of the euro as the official currency of the country from January 1, 2026. According to the published data, the lev will continue to be a legal tender during the first month after the introduction of the euro, and will be used only for cash payments. All lev accounts and virtual transactions will be automatically converted to euros without additional fees. The introduction of the euro will also lead to the discontinuation of some national payment systems and their integration into European payment structures.