Regulatory Alerts2025-07-31
Ordinance No 46 of the BNB on Frontloading and Sub-frontloading of Euro Banknotes, Euro Coins and Starter Euro Coin Kits
The Bulgarian National Bank issued Ordinance No 46 to regulate the frontloading of euro cash to banks and the subsequent sub-frontloading to entities such as Bulgarian Posts and retailers ahead of Bulgaria's euro adoption. The regulation mandates that banks provide financial collateral, adhere to strict storage and anti-early circulation protocols, and distribute euro banknotes, coins, and starter kits only after the official introduction date. It further establishes specific requirements for ATM loading procedures, simplified sub-frontloading for micro-enterprises, and the sale of euro coin starter kits to the public.
Share