Bulgaria’s BGN 2 Coin to Enter Circulation Dec. 7

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.

The new coin will be bigger than the BGN 1 coin and will feature Saint Paisius of Hilendar or Paisiy Hilendarski, a Bulgarian clergyman and a key figure of the Bulgarian National Revival of the 1800s who is also depicted on the BGN 2 note.

The Bulgarian National Bank (BNB) has said that the replacement of BGN 2 notes was needed because small-denomination notes were used more intensively in circulation and wore out faster than notes of higher denomination, which increased printing costs per note.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!