Hi there, it is expected that in 2025 or 2026 the Euro will become the official currency of Bulgaria, slowly (over a period of 6-12 months) replacing the current Lev.
T212 says that your main account currency cannot be changed, so what would happen when the BG Lev is no longer the country’s actual currency (for accounts having BG Lev as the main one)?
Hey, @feedy 
We will support the transition, but we can’t confirm the specifics yet - for example, whether we will change the account currency or automatically open new accounts for everyone. We’ll notify all impacted accounts well in advance when the transition is certain 
Hello, this topic is actually interesting for me too. We in Czechia also plan to adopt EUR in the future, therefore it would be good to know, how will this be handled by T212 - the transfer from national currency to EUR. I hope it won’t end like you need to sell everything you bought in national currency and start buying again from scratch in EUR… Thanks for keep us posted about this.
Yeah, that’s the reason I have been buying everything in Euro already. There is a bank here in Bulgaria that allows you to hold Euro account and exchange from BG Lev to Euro or the other way around with absolutely zero fees or commissions (and the rate between the currencies is always the same and fixed) and even has free SEPA transfers. If you bought anything in your local currency, I am afraid they may ask you to sell it and buy it again.
This is a good question.
I’m an Anglo-Romanian dual national.
Romania at some point will change to Euros
Also if the UK ever reverse Brexit at some time in the future, part of the terms of any deal to rejoin the single market/customs union or the EU as a full member might include take up of the Euro.
Definitely a good question and we’ll worth an ask.
Have a look on a previous topic about the same subject:
Hello RLX, thank you for pointing this out, but that topic actually ends with the same question this new topic was started, unfortunately unaswered.
T212 has an EU platform, and as such must comply with EU rules. The examples mentioned by me in that topic, illustrates how EU financial institutions (FI) behave when a national currency is replaced by the EUR.
Bottom-line, old values in national currency are exchanged to new values in EUR, using a fixed exchange rate defined by EU (ECB). The FI just do it in their books.