Bulgaria -100 Leva - P-86 - 1951 dated Foreign Paper Money

Foreign Paper Money. G. Dimitrov portrait/Woman picking grapes in vineyard. Pick-86.

Bulgaria committed to switching its currency, the lev, to the euro upon its joining the European Union in 2007, as stated in its EU accession treaty. The transition will occur once the country meets all the euro convergence criteria; it currently meets four of the five criteria, the exception being its membership for at least two years of the EU's official exchange rate mechanism (ERM II). Bulgarian euro coins have not yet been designed, but their motif has been chosen to be the Madara Rider. Bulgaria officially joined the ERM II on 10 July 2020. Bulgarian government and central bank officials adopted a draft national plan for euro adoption on 30 June 2021. They stated earlier that day Bulgaria's intention to adopt the euro on 1 January 2024.