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Dual-price display in Bulgaria
Summary
The introduction of the euro in Bulgaria has been announced. The main rules have been established in the concept of the law and some other acts, but the official law and deadlines are still not defined. Everything depends on Bulgaria joining the Eurozone, which is expected in 2025, but there are a large number of concerns and political issues that must be handled in light of that. Recently, certain details about the new currency were known, and we presented them in our previous news. The important one is that Bulgaria is allowed to use dual-price displays if the prices.
Content
Namely, Bulgaria's Council of Ministers has announced that one month after the official entry date into the Eurozone is disclosed, shop and store prices will be displayed in both Bulgarian Lev (BGN) and Euro. This dual pricing strategy is set to continue for a year after the euro becomes the official currency. The exchange rate will be based on the current peg of BGN 1.95583 to EUR 1, rounded off to two decimal places for ease of calculation. More information is about to come.
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