Bulgaria aims to become a member of the Eurozone from January 1, 2025. If this becomes a fact, the BNB proposes that the national side of the Bulgarian euro coins keep the current symbols of the Bulgarian exchange coins.
According to the design approved by the BNB, Paisius of Hilendarski, the Horseman of Madara and St. Ivan Rilski will be depicted on the Bulgarian euro coins.
On one side, they will have the common Eurozone design, which is the work of Luc Luix of the Royal Belgian Mint. They feature images of the European Union or of Europe, symbolizing the unity of the EU.
Each eurozone member state also has national symbols on the coins of the single currency.
On the national side of the Bulgarian euro coins, a circle of 12 stars will be depicted, as it is on the flag of the European Union, and “BULGARIA” will be written in Cyrillic as the designation of the issuing country
On the euro coins with a denomination of 2 euros – there will be an inscription written consecutively on the side (note the thin edge on the edges of the coins), with “GOD PROTECT BULGARIA” written on one half, and the same written on the other half upside down inscription, it is clear from the announcement of the central bank.
On the Bulgarian euro coins from 1 and 2 euros will have “euro” written in Cyrillic, and those from 1 to 50 eurocents will have “stotinki” written on them
The year of introduction of the euro in Bulgaria “2025” will also be written.
The design approved by the BNB envisages that the Bulgarian euro will retain the design of the current Bulgarian exchange coins. Thus, the national side of the euro coins will display:
- Hungarian horseman – on coins of 1, 2, 5, 10, 20 and 50 euro cents;
- St. Ivan Rilski – on a 1 euro coin;
- Paisius Hilendarski – on a 2-euro coin;
The BNB motivates the preservation of the symbols from the current Bulgarian coins, as they are “established and well accepted” by the citizens of Bulgaria.
“This approach will ensure continuity from the current to the new euro coins in Bulgaria and their easy recognition, while at the same time the Bulgarian identity will be confirmed and continued through the familiar symbols of the Bulgarian coins,” the BNB writes.
It is precisely the loss of the Bulgarian identity that is one of the fears that Eurosceptics, such as the supporters of “Vazrazhdane”, point out against the introduction of the single currency in our country.
The artistic projects were made by the Bulgarian Mint.
To be finally approved, the design must be approved by the European Commission, the Council of the EU and the member states of the Eurozone.
After that, the design will be able to be used for the production of Bulgarian euro coins.
Their actual production will begin after the EU Council’s decision to introduce the euro in Bulgaria.
Before that, up to 1 million coins of each denomination will be minted on a test basis at the Bulgarian Mint as early as 2024.
Bulgaria aims to introduce the single currency in January 2025.
It is planned that price labels in Bulgaria will be indicated in euros and leva 6 months before the actual introduction of the currency. Currently, our country meets the requirements for membership in the Eurozone, only inflation remains high.