Central Bank Governing Council Member Lingorski Says Euro Switch Goes as Planned 2025

Balgarianovinite.com Bulgaria’s switch to the euro on January 1, 2026 went smoothly, Bulgarian National Bank (BNB) Governing Council member Iliya Lingorski said on Saturday. In an appearance on Bulgarian National Television, Lingorski said payment systems and POS terminals were working steadily.
“This comes after extensive preparation over days, weeks, and months leading up to January 1, involving many people and extensive testing with the Bulgarian National Bank and the commercial banks. We can see that everything is operating normally,” Lingorski said. “My impression is that most of the transition went smoothly and as expected, perhaps even better than expected, during the first two days after New Year,” he added.
Lingorski noted that in December alone, the final month of the previous year, more than BGN 4.4 billion in banknotes were withdrawn from circulation. Over the past six months, the total exceeded BGN 10 billion, and in the last two business days between Christmas and New Year’s, more than BGN 1 billion in cash left circulation.
He noted that Bulgaria’s banking sector was highly competitive and very liquid, suggesting no abrupt changes in retail deposit and lending rates. He added that Bulgaria’s accession to the euro area altered the way interest rates are determined and said that, by exiting the currency board regime, Bulgaria was moving toward an independent central banking framework.
“Our banking sector is not only highly capitalized and liquid; its liquidity also rose sharply from January 1, as a large share of the previous minimum reserve requirements was released (reduced from 12% to 1%). In addition, banks now have access to the balance sheet of the European Central Bank and the wider Eurosystem.” Central Bank Governing Council Member Lingorski Says Euro Switch Goes as Planned 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-01-03 12:56:00 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