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LOCAL CURRENCY IN BULGARIA

Would you like to know name of the currency in Bulgaria? The local currency in Bulgaria is called Lev.

The Bulgarian Lev is issued and managed by the Bulgarian National Bank. To find out the current currency exchange rates for Lev to other major currencies of the world, click on foreign currency rates.

Bulgarian Currency Information
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The currency used in Bulgaria is called as the Lev. This currency is denoted with the currency sign ?? and the ISO 4217 Code for the Bulgarian Lev is BGN. The Lev, is the official currency of the Bulgaria . It is divided into 100 smaller units called stotinka.

The constitution of Bulgaria provides that the Bulgaria government shall have the power to print the Bulgarian Lev and stotinka coins to be used as a legal tender in Bulgaria. The Bulgarian Lev bank notes and Stotinka coins are both designated as "legal tender" in payment of debts.

The Bulgarian Lev bill uses the decimal system, consisting of 100 equal units.

The symbol ??, usually written before the numerical amount, is used for the Bulgarian Lev.

Currently printed bank notes denominations are 2, 5, 10, 20, 50 & 100 leva 1 lev and the coins are minted in the denominations of 1, 2, 5, 10, 20 & 50 stotinki, 1 lev .

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The Effect of Balance of Trade and Investment on Bulgarian Lev
Financial analysts regularly cite the balance of trade and investment in Bulgaria as the most important influence on the value of the Lev. The difference between what the Bulgaria exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Lev exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Lev exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Bulgarian Lev.
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