Currencies

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.


ISO 4127:
BGN
Numeric:
975
Symbol:
лв
1.00 Bulgarian Lev = 0.58 US Dollar
(date: 08/16/2018)



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Exchange rate history 1 BGN in USD



Bulgarian Lev as currency

CountryRegion
BulgariaEastern Europe




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

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean