Bulgaria to Replace 2 Lev Banknote with Coin

Bulgaria to Replace 2 Lev Banknote with Coin

Bulgaria will replace the 2.0 lev banknote with a coin as the printing of the banknote has been generating losses, the Sofia News Agency (Novinite.com) reported, quoting a central bank statement.
The central bank’s printing house loses 1.2 million Bulgarian levs annually from the production of bills, the news agency quoted the bank’s governor Ivan Iskrov as saying.
Iskrov also said that in the future, Bulgarian currency could be printed by foreign printing houses and foreign currency could be printed in Bulgaria after a planned joint venture with François-Charles Oberthur International SA, the third largest world producer of bank bills, I s set up.

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