Talk:Bulgarian lev
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[edit] size
How big are these bills? (What size money belt do you need)?
The 20 leva bill (the most common) is 131 mm long, smaller denominations are smaller. Preslav 10:54, 13 July 2006 (UTC)
You can also check that at the central bank's website. You have to click on a denomination to get detailed info, including size.--Cameltrader 08:06, 31 January 2007 (UTC)
[edit] BGN and BGL
The ISO 4217 page says that the Bulgarian lev has BGN and BGL as ISO codes. I think that we must mention that there are two variants, and that the BGN is more widely used. What do you think about this?
Well I would like to make a little particularization. The BGL was used for the old "LEV" - before the denomination ( 1 new lev = 1,000 old leva)in 1999. After that to distinct the new lev they itroduced the new code BGN ( which means BG NEW LEV ). So it's not appropriate to use BGL anymore.
[edit] additional information abou the bulgarian lev
On July 5, 1999, the government cut three zeroes and 1000 old leva become 1 lev. At the same time a currency board regime was introduced by pegging the lev to the Deutsche Mark (DM) at 1 lev = 1 DM. After the euro was introduced at January 1, 2002, the lev has been tied to the euro at 1 euro = 1,95584 leva. As the currency board regime is an element of the stabilization program, any changes to the peg are unlikely. Furthermore, the peg is projected to remain untill a possible introduction of the euro in the longer term. Bulgaria will become a EU member state on January 1, 2007.
[edit] Inflation
How come inflation in Bulgaria is 7%, in the eurozone 1.5, and the lev is pegged onto the euro? Is this normal? Dpotop 08:52, 5 March 2007 (UTC)
- Good question, I can just give you my 2 cents to that. In my understanding the inflation rate is usually measured in how much goods and services you can purchase using a given amount of money, and track these changes over time (or the other way around, to see how much money you need to spend to purchase a defined set of goods and services). If the inflation rate for Bulgaria went up, while the inflation in the total eurozone is much lower, it must mean that the particular prices for goods and services in Bulgaria got higher. I read this in a way, that the prices in Bulgaria are closing in to the price level of goods and services in predominant western Europe. Does this makes sense? Cheers, MikeZ 09:16, 10 March 2007 (UTC)
