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Originally published by Citizen Digital
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January 2, 2026
2h ago

Bulgaria adopts the euro, nearly 20 years after joining the EU

Bulgaria adopts the euro, nearly 20 years after joining the EU

At midnight (2200 GMT Wednesday), Bulgaria gave up the lev, in use since the late 19th century, and Bulgarian euro coins were projected onto the central bank's building......

✨ Key Highlights

Bulgaria officially adopted the euro on Thursday, becoming the 21st nation to switch to the currency, nearly 20 years after joining the European Union. This move has been met with both optimism for economic boosts and concerns over potential price increases.

  • Christine Lagarde, president of the European Central Bank, welcomed Bulgaria to the euro family, calling it a "powerful symbol" of "shared values and collective strength."
  • The transition saw the Bulgarian lev replaced by the euro at midnight (2200 GMT Wednesday).
  • While successive governments in the nation of 6.4 million people advocated the switch, a recent Eurobarometer survey indicated 49 percent of Bulgarians are against the change, largely due to inflation fears.
  • President Rumen Radev, in a speech, hailed it as the "final step" in Bulgaria's EU integration but regretted that citizens were not consulted via referendum.
  • Food prices in Bulgaria rose by five percent year-on-year in November, more than double the eurozone average.

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