For 12 months after the introduction of the euro, prices will be in both levs and euro

A month after Bulgaria receives the green light to join the eurozone, all traders are obliged to have their prices in both Bulgarian levs and euro. This was what Deputy Minister of Economy Nikolay Pavlov said in an interview with the Bulgarian National Radio. He pointed out that the currency conversion must be according to the official fixed rate - 1.95583 levs for one euro. Prices must be clearly indicated on the labels and no preference should be given to one currency over the other.

The target date for the introduction of the common European currency is January 1, 2026 and it is expected that there will be clarity in the summer whether this would happen. The indication in both currencies must continue for 12 months after the introduction of the euro in the country. "The introduction of the euro itself cannot lead to inflation," Pavlov also said.