"On January 1, Bulgaria will become the 21st country to adopt the European Union's single currency. On January 1, 2026, Bulgaria will bid farewell to its lev currency and become the 21st European nation to adopt the euro. The Balkan country of 6.7 million people has been a European Union (EU) member since January 1, 2007, and joined the Schengen Area in March 2024, both of which marked pivotal moments in its integration into Europe."
"The euro is the official currency of the EU, serving as the unified currency for its member states and allowing for easier trade and travel among them. About 350 million people use it, making it the most popular official currency and the second-most traded and held reserve currency in the world after the US dollar. (Al Jazeera) Managed by the European Central Bank and the Eurosystem,"
Bulgaria will adopt the euro on January 1, 2026, replacing the lev and becoming the eurozone's 21st member. The 6.7 million–person country has been an EU member since January 1, 2007, and joined the Schengen Area in March 2024. Six EU countries still use national currencies: the Czech Republic, Denmark, Hungary, Poland, Romania and Sweden. The euro is the EU's unified currency, used by about 350 million people and managed by the European Central Bank and the Eurosystem. Euro banknotes are uniform across member states while coins have national designs. Most EU countries must adopt the euro after meeting economic criteria and spending at least two years in ERM II.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]