Countries that use the Bulgarian Lev
The Bulgarian Lev was established in 1999 as an official national currency and is used only in Bulgaria. 1 Lew is devided into 100 Stotinki.
The Bulgarian Lev is tied to the Euro
with a fixed exchange rate. Therefore, 1 Lev always equals to 0.5113 Euro.
1.00 Bulgarian Lev = 0.58 US Dollar
Exchange rate history 1 BGN in USD
Bulgarian Lev as currency
Currency reserves for the Bulgarian Lev
According to the International Monetary Fund, the total broad money (M3) amounted to BGN 85.73 billion at the end of 2017. For currency hedging, reserves were held in a total amount of 49.25 billion Levs. This corresponds to a ratio of 1:1.7. Or in other words: 1 of 2 Levs is deposited with a countervalue, which is internationally already above average.
Approximately 2.9 billion Levs (5.9%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.Worldwide currency and gold reserves
All information without guarantee.