Current Affairs - International - Discussion

Bulgaria has replaced its national currency, the lev, with the euro, marking its formal entry as the 21st member of the eurozone. This transition reflects decades of economic reforms and alignment with EU standards, despite political instability and public debate over potential price increases and national identity concerns. The adoption facilitates easier trade and investment with other eurozone countries, reduces currency exchange costs, and strengthens financial integration. Preparations included dual pricing in lev and euro, gradual distribution of coins and notes, and a transition period to allow citizens and businesses to adapt to the new currency system.