Regulatory Alerts2025-10-15
Added · Updated
Circular Letter No. CC/2025/00000019
The Banco de Portugal establishes the conditions for exchanging Bulgarian lev banknotes for euro banknotes and coins following Bulgaria's adoption of the euro on 1 January 2026. Exchanges are conducted at a fixed rate of 1 EUR = 1.95583 BGN without additional charges for individuals at specific branches in Lisbon, Porto, Faro, Funchal, and Ponta Delgada between 1 January and 2 March 2026. The maximum exchange amount per person per day at bank counters is limited to 2000 BGN, while credit institutions may arrange larger exchanges via deposits with the Central Cash Operations Unit.
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