Legal tender

FRANKFURT - The euro is not a legal tender in the so-called Kosovo as Pristina unilaterally adopted it as the de facto currency in 2002, the European Central Bank (ECB) website says.

It notes that Montenegro, which is also not an EU member, did the same in 2002.

In the months before the introduction of the euro in Bulgaria, citizens will be encouraged to deposit as many levs (BGN) banknotes and coins as possible in bank accounts.

Hundreds of numismatics lovers of all ages from early dawn have come to the BNB in ​​anticipation of acquiring the invaluable 10-leva coin to be honored by the Bulgarian Euro Presidency.

Prime Minister Narendra Modi urged Indians on Nov. 14 to give him more time to resolve a cash crisis that followed the withdrawal of high-value notes, insisting the shock move would benefit the poor in the long run. His comments came as the government said it was increasing a weekly cash withdrawal limit and taking steps to help people in remote areas access money as frustration mounted.

The European Central Bank (ECB) has decided to stop production and issuance of the EUR 500 banknote.

The ECB has also decided to exclude the largest note denomination from the Europa series, "taking into account concerns that this banknote could facilitate illicit activities", the Bank said in a statement on Wednesday.

The one-lev note will cease to be a legal tender in Bulgaria from next year, according to a decision of the country's central bank.

Bulgaria's central bank announced on Thursday that it will put into circulation a coin with par value of BGN 2 on December 7, 2015.

The two-lev banknotes issues 1999 and 2005 will remain a legal tender alongside the new coin until they wear out and become unfit for circulation.

Bulgaria's central bank on Wednesday said it approved the design of a two-lev coin that will replace banknotes of the same face value next year.