Bulgaria's euro adoption signifies belonging and shared European identity
Dimitar Radev, Governor of the Bulgarian National Bank, stated that the euro's adoption in Bulgaria on December 31, 2025, signifies belonging to a space of shared rules and responsibility. He emphasized the currency's symbolic importance for the nation's European identity.
A homecoming to shared European values
The statement highlights the euro's significance beyond mere economic figures, portraying it as a powerful symbol of belonging.
Governor Radev recounted a conversation with a Bulgarian living in the Netherlands who noted, "From a young age, I tried to convince my classmates and friends that Bulgaria is part of Europe.
They did not understand me.
Today, everyone understands.
" This sentiment underscores the euro's role in affirming Bulgaria's place within a space of shared rules, trust, and responsibility, moving it from the periphery to the core of Europe.
The adoption is seen as a recognition and acceptance of Bulgaria's efforts towards European integration.
The Governor emphasized that this is not merely a protocol decision but a profound feeling of being "home.
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Bulgarian identity on European currency
Governor Radev acknowledged the historical significance of the Bulgarian lev, whose name derives from the lion, a national symbol that has accompanied Bulgarian statehood for centuries.
He clarified that the lev is not being taken away but rather takes its place alongside other historical European currencies like the mark, franc, and lira.
The euro, therefore, does not interrupt Bulgaria's story but continues it, affirming the nation's identity.
The inclusion of Bulgarian letters and national symbols like the Madara Horseman, Saint Ivan of Rila, and Paisius of Hilendar on the new European currency explicitly states that Bulgaria is not abandoning its heritage but confidently asserting its presence within a broader community.
More than a currency, a statement
This statement transcends typical economic discourse, powerfully articulating the emotional and identity-driven aspects of euro adoption.
While not detailing economic benefits, it effectively frames the currency as a profound affirmation of Bulgaria's European belonging.
Such a narrative is crucial for public acceptance and solidifying the cultural integration alongside the financial one.
Source: Dimitar Radev: The euro as a sign of belonging
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