Bulgaria Plans Dual Price Display in Lead-Up to Euro Adoption

In a significant move toward Eurozone accession, Bulgaria's Council of Ministers has announced that, one month after the official entry date into the Eurozone is disclosed, shop prices will be displayed in both Bulgarian Lev (BGN) and Euro. This dual pricing strategy is set to continue for a year after the Euro becomes the official currency. The exchange rate will be based on the current peg of BGN 1.95583 to EUR 1, rounded off to two decimal places for ease of calculation.