Archive · 2 Jan 2026
Bulgaria Adopts Euro Amid Political Tensions
Bulgaria, the poorest EU member, has joined the eurozone and started using the euro as its official currency.
This means they are replacing their old money, the lev, with the euro.
The euro is used by many European countries, and it helps people travel and do business more easily.
Bulgaria will now be part of a group of countries that work together to keep their economies stable.
However, not everyone in Bulgaria is happy about this change.
Some people are worried about the economy and think it might cause problems, similar to what happened in Greece.
The country has also been dealing with a lot of political problems and protests.
Despite these concerns, Bulgaria is moving forward with using the euro, which will become the only legal money starting in February.
The transition will take some time, and people will be able to exchange their old money for euros for free until June 30, 2025.
After that, there will be a fee.
The government and experts are confident that the change will be smooth and help the economy in the long run.
Bulgaria adopted the euro as its official currency on January 1, 2025, becoming the 21st member of the eurozone.
The lev will remain in circulation alongside the euro throughout January, with the euro becoming the sole legal tender from February 1.
The Bulgarian National Bank will exchange levs for euros indefinitely, with free exchanges available until June 30, 2025.
Eurozone accession has been a central priority for Bulgaria since joining the EU in 2007, with the European Commission confirming all convergence criteria were met in June 2025.
There is significant opposition to the move, with concerns about potential economic crises and the impact of political instability.
- Who
- Bulgaria
- What
- Adoption of the euro as the official currency
- When
- January 1, 2025
- Where
- Bulgaria
- Why
- To boost economic integration, stability, and competitiveness within the EU
- Date of Adoption
- January 1, 2025
- 21st Eurozone Member
- Bulgaria
- Population Using Euro
- 350 million
- Previous Currency
- Lev
- ECB Governing Council
- Bulgaria gains a seat
- Inflation Target
- 2%
- Opt-Out Member
- Denmark
- Last Eurozone Admission
- Croatia (2023)
- Transition Period
- January 1 - August 8, 2026
- Free Exchange Period
- January 1 - June 30, 2025
Sources
Bulgaria joins eurozone: Why it’s swapping the lev for the euro despite Russia tensions
Bulgaria Adopts Euro, Becomes 21st Member of Currency Bloc Amid Mixed Public Mood
Bulgaria Adopts Euro On New Year's Day, Becomes 21st Eurozone Member