Bulgarian minister: after the adoption of the euro, interest rates on loans will fall – Novinite.com

Five months before adopting the euro and 1 year later, prices on store shelves and on receipts will be in euros and levs. And 1 month after having officially presented the eurowe can still pay in BGN, but change will be given to us in euros.”

This was explained by Deputy Prime Minister in charge of managing European funds Atanas Pekanov on Nova TV. “We are working on adopting the euro in 2024“, he added.

When we officially introduce the euro, there will be a QR code on the receipt showing the exchange rate. It will be possible to report to the Ministry of Finance if the exchange rate is not what it should be. It will last 1 year”, explained Pekanov.

six months later Bulgariaentry into the Eurozonethe exchange of levs in euros will be free at all banks and post offices.

If merchants abuse the exchange rate, sites can be shut down. “In some countries, blacklists are established, in which all objects abusing the exchange rate are described“, Pekanov explained. There will be a hotline that citizens can call if they see a violation.

Regarding loans, Minister Pekanov explained that the monthly payments will start to fall.

If the conditions of general interest in Bulgaria are reduced, and they will be reduced, and citizens have the opportunity to renegotiate, or have a variable interest rate, they will benefit. Instead of refinancing or financing, their 10% credit will be 8% or 7% or 5%,” explained Pekanov.

According to him, the selection of the symbol that will be on the Bulgarian euro plays will start soon.

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