The Bulgarian central financial institution’s governor, Dimitar Radev, has taken a seat on the desk with the Governing Council of the European Central Financial institution. “I warmly welcome Bulgaria to the euro household and Governor Radev to the ECB Governing Council desk in Frankfurt,” ECB President Christine Lagarde mentioned in a press release on Thursday.
Individuals will nonetheless be capable of pay in levs for a few month, however they’ll begin getting their change in euros. Till June 30, outdated cash could be exchanged for no price at banks and put up places of work, and indefinitely on the Bulgarian Central Financial institution.
Public opinion, nevertheless, stays combined. In response to a Eurobarometer ballot from March, 53 p.c of 1,017 Bulgarians surveyed opposed becoming a member of the eurozone, whereas 45 p.c had been in favor. A majority additionally felt Bulgaria was not able to introduce the euro. The primary worry was concern over “abusive value setting in the course of the changeover.”
Bulgaria joined the European Union on January 1, 2007. In an official EU survey from Could, 58 p.c of Bulgarians mentioned the nation has benefited from its EU membership.
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