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USD / BGN
1.7987
Mar 19, 2:48:00 AM UTC · Disclaimer
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The United States dollar is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of 371.25 grains fine silver or, from 1837, 23.22 grains fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. Since 1971, all links to gold have been repealed. The U.S. dollar became an important international reserve currency after the First World War, and displaced the pound sterling as the world's primary reserve currency by the Bretton Woods Agreement towards the end of the Second World War. Wikipedia
The lev is the currency of Bulgaria. In old Bulgarian, the word "lev" meant "lion"; the word "lion" in the modern language is lаv. The lev is divided in 100 stotinki. Stotinka in Bulgarian means "a hundredth" and in fact is a translation of the French term "centime." Grammatically, the word "stotinka" comes from the word "sto". Since 1997, the lev has been in a currency board arrangement with initially the Deutsche Mark at a fixed rate of BGL 1000 to DEM 1. After the introduction of the euro and the redenomination of the lev in 1999, this has resulted in a fixed rate to the euro of BGN 1.95583: EUR 1. Since 2020, the lev has been a part of the European Exchange Rate Mechanism. When all the conditions are met, Bulgaria is supposed to join the Eurozone by 1 January 2025. In November 2023, Bulgarian euro coin design has been revealed and approved by the Bulgarian National Bank. Wikipedia
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