Balgarianovinite.com In Bulgaria’s modern history, the emergence of money pre-dated the emergence of the State after the country’s liberation from Ottoman rule in 1878, Prof. Pencho Penchev of Sofia’s University of National and World Economy (UNWE) said here on Tuesday. He spoke at the launch of the December 2025 issue of BTA’s LIK monthly magazine titled “Bulgarian Money”.
“Bulgarian modernity started before the liberation and before the emergence of the Bulgarian State,” the professor concluded. Local currency was minted in Tryavna, Lom, Shumen and Panagyurishte, where it took the form of square-shaped coins called ‘vot’.
Penchev spoke about money from the perspective of identity, culture and literature. In terms of history, money belonged to an exclusively intimate personal sphere, he argued, citing a long short story by Bulgarian classic Elin Pelin and the diary of prominent writer Chudomir.
Prof. Penchev teaches Economic History, History of Economic Theories and Comparative Political Economy at the UNWE. He contributed to LIK an article titled “The Progress of Money in the Bulgarian Lands”.
The launch of the magazine issue took place at the Bulgarian National Bank (BNB) Head Office in Sofia and also involved BTA Director General Kiril Valchev, Assoc. Prof. Dr Yulia Zaharieva of the Sofia University Faculty of Law, Assoc. Prof. Georgi Lozanov (Editor-in-Chief of LIK), and LIK Managing Editor Yanitsa Hristova. In Bulgaria’s Modern History, Local Money Pre-dated Post-Liberation Statehood, Economics Professor Says 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-01-06 17:51:00 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