Bulgarians set to convert to euro in 2024
The Bulgarian transitional government has confirmed a decision made under ex-prime minister Boyko Borisov to introduce the euro as the official currency on 1 January 2024. The "national plan" is now to be publicly debated - the EU has yet to announce its stance on the matter. Bulgaria has long been arguing about the pros and cons of adopting the euro. The divisiveness of the issue is also reflected in the commentaries.
For once, the politicians in Bulgaria all agree on something, 24 Chasa rejoices:
“The interim government has confirmed the plans to introduce the euro on 1 January 2024, with the only major change being that there will be no transitional period during which prices are quoted in both euros and leva. It's good that there are no doubts about Bulgaria's path to the euro. Adopting the currency brings nothing but advantages: stability, low interest rates, a higher credit rating for the state, more investments and higher incomes.”
A bane for the economy
fakti.bg fears the loss of autonomy will have negative repercussions for the country:
“The destruction of our national currency and the loss of our sovereignty will harm the Bulgarian economy and the country in general. Why are they in such a hurry with all this? ... The Eurozone wants to nail Bulgaria to the EU framework and destroy any and all room for manoeuvre.”