Bulgaria to join euro area on 1 January 2026
Conversion rate of lev fixed at 1.95583 = EUR 1 Bulgaria joined the ERM II in 2020 Bulgarian banks supervised by ECB since 2020 Today the Council of the European Union formally approved the accession of Bulgaria to the euro area on 1 January 2026 and determined a Bulgarian lev conversion rate of 1.95583 per euro. This is the current central rate of the lev in the Exchange Rate Mechanism (ERM II), which the currency joined on 10 July 2020. The European Central Bank (ECB) and Българска народна