2 ms·
Soon all the prices will be listed in both of the currencies and they will be kept as that for another six months after the adoption. The country already exper
by mrtksn 1y ago
Soon all the prices will be listed in both of the currencies and they will be kept as that for another six months after the adoption.
The country already experienced quite a bit of inflation last years, regardless of not being in the euro. I don’t see why the change of the currency that is already pegged to euro since the creation of Euro will cause any inflation beyond the rounding and the rounding is for 1:1.95583 and that often provides rounding sown incentive as 4.99 becoming 2.04 and 4.49 becoming 2.2957
A more realistic concern can be that Bulgaria might start borrowing irresponsibly. Currently Bulgaria's debt to GDP is just around %22, which is very low.