Reuters recalled in this regard that Sofia has met all the official conditions for joining the euro zone regarding the inflation rate, budget deficit, long-term borrowing costs and exchange rate stability. Bulgaria’s switch to the euro would increase the number of Europeans using the currency to more than 350 million.
However, there is no unity among Bulgarians on the issue of abandoning the lev. Business generally supports the upcoming changes. At the same time, part of the population believes that the European Union is heading towards decline and disintegration, which means that the transition to the euro will bring more problems than benefits.
Some political analysts said that the campaign to promote the euro in Bulgaria has been weak and it will be difficult for the elderly, especially in remote areas, to adapt. In addition, the transition could be complicated by the lack of a stable working government.
Recall that by decision of the National Bank of Moldova, starting from January 2, 2025, the euro is used as the base currency to set the official exchange rate of the Moldovan leu, replacing the U.S. dollar.
