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1.95583 Leva European Union
| Issuer | Bulgarian National Bank |
|---|---|
| Year | 2007 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Technique | Milled |
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|---|---|
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| Reverse description | The central device depicts an open book displayed on a decorative lectern or bookstand, with the first four letters of the Cyrillic alphabet — АБ / ВГ — shown on the open pages, symbolising the Cyrillic script and Bulgaria's contribution to European literacy. Encircling the central motif is a ring of twelve gold-plated five-pointed stars, referencing the flag of the European Union. The Cyrillic legend БЪЛГАРИЯ В ЕС (Bulgaria in the EU) arcs along the upper left periphery. |
| Reverse script | Cyrillic |
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| Additional information |
Bulgaria joined the European Union on January 1, 2007, and this coin was issued to mark that accession. The fixed conversion rate of 1.95583 leva to the euro — the denomination itself — was locked in by the currency board arrangement Bulgaria adopted in 1997 to stabilize an economy that had collapsed under hyperinflation and a banking crisis just a year earlier. That rate has held ever since, effectively making the lev a shadow euro for over two decades without full monetary union ever materializing.