Balgarianovinite.com “In a day and a half, on December 29 and 30, about BGN 1 billion were withdrawn from circulation,” the Secretary General of the Association of Banks in Bulgaria, Associate Professor James Jolovski, said on Nova TV.
He noted that as of December 23 last year, there were about BGN 21 billion in circulation. “At the start of this process, there were about BGN 30 billion, and so far a little over one-third has been withdrawn from circulation,” Jolovski explained, adding that the pace is similar to what was observed during the introduction of the euro in Croatia.
“We expect that in January, during the dual-currency period, another large critical amount of leva will be withdrawn,” he said. “Within just a day and a half, BGN 1 billion were processed, so the banks are well prepared for this process,” Jolovski stressed.
Until the end of June, banks will exchange banknotes and coins free of charge, Jolovski said. “If you exchange coins after January 1, until June 30 it will be free of any fees. The only recommendation is to sort them in advance so that people can be served more quickly,” he said.
Jolovski also noted that the Bulgarian National Bank will exchange banknotes and coins without any fees for an unlimited period of time.
He explained that if a customer goes to a bank branch with coins, they may be directed to a centre equipped with coin-counting machines. “There will be such hubs set up in larger cities,” he said.
Jolovski also noted that banks strictly comply with the Law on Measures Against Money Laundering, and for amounts over EUR 5,000 a declaration about the origin of the money is required. BGN 1 Bln Withdrawn from Circulation on December 29-30 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-01-02 12:15:20 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law