Bulgaria depends "euro" Early 2026 to enhance its financial stability
Brussels, December 31, 2026 – The European Union announced that Bulgaria will officially join the Eurozone as of January 1, 2026, in a step that will enhance the country’s monetary and financial stability and consolidate its integration into the European single market, after meeting all the criteria for economic and monetary convergence.
It is expected that adopting the euro will contribute to reducing the risks of exchange rate fluctuations, reducing financial transaction costs, and improving the investment environment, in addition to enhancing the competitiveness of the Bulgarian economy and increasing its integration into European trade chains. It will also allow Bulgarian companies to benefit more broadly from the single market, which includes more than 357 million consumers.
The national currency, the lev, will be replaced by the euro at a fixed exchange rate of 1.95583 lev to one euro, with a dual circulation period of one month starting from the beginning of 2026, as part of a mechanism aimed at ensuring a smooth and stable transition without monetary or inflationary disturbances.
Within the framework of consumer protection and price control, the Bulgarian authorities imposed the double display of prices in lev and euro since August 2025, to continue until August 2026, with daily monitoring of basic commodity prices and publishing them to the public, in an attempt to limit any unjustified price increases during the monetary transition phase.
For its part, the European Commission confirmed that Bulgaria’s accession will increase the number of eurozone countries to 21 countries, considering that the step strengthens the strength of the European Monetary Union and its ability to confront global economic challenges.
She noted that the 2025 convergence reports issued by the Commission and the European Central Bank demonstrated that Bulgaria meets the criteria for financial stability, financial discipline, and price stability.
The adoption of the euro in Bulgaria comes after an official decision taken by the European Union finance ministers in July 2025, following the implementation by the Bulgarian authorities of a comprehensive national plan that included preparing the banking system, ensuring the abundance of liquidity in euros, and strengthening market supervision during the transition period.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related
