Currency Rate Bulgarian Lev to USD
Our Currency Rate BGN latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the BGN. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
BGN 0.507911
Selling rate
BGN0.573615
The Bulgarian Lev, commonly abbreviated as BGN, is the official currency of Bulgaria. Known locally as the "lev," the BGN is symbolized as "лв." Introduced in 1999, the lev replaced the previous lev at a rate of 1,000 old lev to 1 new lev, as part of monetary reforms to stabilize the economy.
Currency Details
Symbol: лв
ISO Code: BGN
Subunits: 1 Lev = 100 stotinki
Banknotes and Coins
The BGN is available in both coins and banknotes:
Coins:
1 stotinka
2 stotinki
5 stotinki
10 stotinki
20 stotinki
50 stotinki
1 lev
2 leva
Banknotes:
2 leva
5 leva
10 leva
20 leva
50 leva
100 leva
History and Background
The Bulgarian Lev was reintroduced in its current form on July 5, 1999, as part of monetary reforms aimed at curbing hyperinflation and stabilizing the national economy. The lev has undergone several revaluations throughout its history, reflecting Bulgaria’s economic transitions. The name "lev" means "lion" in Bulgarian, symbolizing strength and resilience.
Economic Significance
The BGN is crucial to Bulgaria's economy, facilitating trade, investment, and economic development. Bulgaria's economy is diverse, with key sectors including energy, mining, agriculture, and manufacturing. The lev is pegged to the euro at a fixed rate of 1.95583 BGN per 1 EUR, which helps maintain economic stability and confidence in the currency.
Usage and Exchange
The BGN is widely accepted across Bulgaria for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for leva is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Bulgarian Lev is more than just a currency; it is a symbol of Bulgaria's economic stability and its rich cultural heritage. Understanding the BGN is essential for anyone engaging with Bulgaria's vibrant economy, whether you are a resident or a visitor. The lev's stability and accessibility play a crucial role in the country's economic resilience and growth.
Currency Details
Symbol: лв
ISO Code: BGN
Subunits: 1 Lev = 100 stotinki
Banknotes and Coins
The BGN is available in both coins and banknotes:
Coins:
1 stotinka
2 stotinki
5 stotinki
10 stotinki
20 stotinki
50 stotinki
1 lev
2 leva
Banknotes:
2 leva
5 leva
10 leva
20 leva
50 leva
100 leva
History and Background
The Bulgarian Lev was reintroduced in its current form on July 5, 1999, as part of monetary reforms aimed at curbing hyperinflation and stabilizing the national economy. The lev has undergone several revaluations throughout its history, reflecting Bulgaria’s economic transitions. The name "lev" means "lion" in Bulgarian, symbolizing strength and resilience.
Economic Significance
The BGN is crucial to Bulgaria's economy, facilitating trade, investment, and economic development. Bulgaria's economy is diverse, with key sectors including energy, mining, agriculture, and manufacturing. The lev is pegged to the euro at a fixed rate of 1.95583 BGN per 1 EUR, which helps maintain economic stability and confidence in the currency.
Usage and Exchange
The BGN is widely accepted across Bulgaria for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for leva is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Bulgarian Lev is more than just a currency; it is a symbol of Bulgaria's economic stability and its rich cultural heritage. Understanding the BGN is essential for anyone engaging with Bulgaria's vibrant economy, whether you are a resident or a visitor. The lev's stability and accessibility play a crucial role in the country's economic resilience and growth.
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