Latest Council of the European Union News & Updates

Bulgaria Adopts Euro as Official Currency, Joins Eurozone

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Sofia, Jan 1 (IANS) Bulgaria joined the eurozone and adopted the Euro as its official currency on New Year’s Day, becoming the 21st member of the Euro area. To ensure a smooth transition to the new currency, throughout January, the Bulgarian lev will remain in circulation alongside the Euro. Starting February 1, the Euro will become the country’s sole legal tender.From January 1 to June 30, the exchange of Lev for Euros is free of charge at banks and post offices. After this period, currency exc…