Bulgaria is preparing to adopt the euro, with the transition expected to begin on January 1, 2026, though the date is not yet officially confirmed. During the one-month transition, ATMs will dispense only euros, and starter kits of Bulgarian euro coins will be made available to help ease the switch. The Bulgarian National Bank has finalized preparations for minting euro coins and secured enough banknotes, pending final EU approval.
Bulgaria prepares for euro adoption. ATMs will stop distributing Levs.
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Bulgaria
Author: Nikolina Basić
Category:
Fiscal subject related
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44
Content accuracy validation date:
20.05.2025
Content accuracy validation time:
08:16h
As Bulgaria moves towards euro adoption, the Bulgarian National Bank (BNB) has announced that ATMs across the country will dispense only euros during the one-month transition period following the switch. According to the Bulgarian National Bank (BNB), the official date for Bulgaria's entry into the eurozone is expected to be January 1, 2026, but this is still not officially confirmed.
Preparations for minting Bulgarian euro coins are already in progress, with national designs approved and contracts finalized for production. Coin blanks have been secured, and minting will begin once the European Union Council formally approves Bulgaria’s entry into the eurozone, as outlined in Article 140(2) of the Treaty on the Functioning of the European Union.
While euro coin quantities are not fixed, they will primarily replace lev coins returned to the BNB. The European Central Bank (ECB) must authorize production plans, and any commemorative €2 coins will require formal notification to the European Commission before circulation.
The BNB has also ensured sufficient euro banknotes for the first year of circulation, with quantities determined based on demand from banks. Bulgarian coins withdrawn from circulation will not be repurposed for euro coin production but will be securely stored at designated facilities.
To aid businesses and individuals with the transition, starter kits of Bulgarian euro coins will be available before the official switch. These sets will be sold by banks to merchants and individuals, while the BNB and Bulgarian Posts will distribute them exclusively to individuals. However, their usage will only be permitted once the euro becomes Bulgaria’s official currency.
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