Conversion of Financial Instruments

On 8 July 2025, the Council of the European Union adopted a Decision on the adoption of the euro by the Republic of Bulgaria in accordance with Article 140(2) of the Treaty on the Functioning of the European Union. Pursuant to this Decision, the euro shall become the official currency of the Republic of Bulgaria as of 1 January 2026, which marks the official date of the euro’s introduction in the country.

The official exchange rate at which the national currency will be converted into euro, as specified in EU Decision 2025/1409, is EUR 1 = BGN 1.95583.

Additional information regarding questions related to the introduction of the euro in the Republic of Bulgaria can be found on the official website for Bulgaria’s accession to the euro area, created as part of the Communication Strategy for Information and Public Awareness on Bulgaria’s Accession to the Euro Area, available here.

If you are interested, you can find examples of the currency conversion of different financial instruments below.

Examples of Conversion of Various Financial Instruments:

1. Revaluation of the Nominal Value of a Share

Example: A joint-stock company has issued shares worth BGN 5,500,000, divided into 55,000 shares with a nominal value of BGN 100 each. After the revaluation, the company’s share issue will amount to EUR 2,812,150, divided into 55,000 shares with a nominal value of EUR 51.13 per share.

2. Revaluation of the Nominal Value of Debt Securities Other Than Government Securities

Example: A company has issued bonds worth BGN 10,000,000, split into 10,000 bonds, each with a nominal value of BGN 1,000. After the revaluation, the company’s bond issue will amount to EUR 5,112,918.81, divided into 10,000 bonds with a nominal value of EUR 511.291881 per bond.

3. Revaluation of the Nominal Value of Government Securities

Example: A government securities issue with a total nominal value of BGN 800,000,000 will be revalued to a total nominal value of EUR 409,033,504.96.

4. Revaluation of Investment Fund Units

Example: The fund has a net asset value (NAV) of BGN 7,015,079.15, with 43,959.4035 units in circulation, resulting in a NAV per unit of BGN 159.5809. After the revaluation, the fund’s NAV becomes EUR 3,586,753.02, the number of units remains 43,959.4035, and the NAV per unit becomes EUR 81.5924.