In English, many things are named after a particular country – but have you ever wondered what those things are called in those countries?
- The law provides currently for serious damages to depositors in the event of a possible bank crisis when the Bulgarian lev would be depreciated.
- He also said the rises were necessary given the exchange rate of the dollar against the lev, and the prices of the energy resources.
- According to him, the exchange rates of the lev and the euro to the US dollar were not crucial to the Bulgarian economy.
- The Bulgarian lev is tied to the euro, which did not benefit much from the dollar problems.
- The lev is expected to appreciate further against the dollar in 2004.
- Inflation looks set to top 10 per cent this year, but that's no surprise considering the high cost of oil and a strong dollar (given that Bulgaria's lev is linked to the euro).
- The statement that the Bulgarian lev is undervalued is in contradiction to statements from some economists that the competitiveness of the Bulgarian economy is increasing at a slower pace than those in EU countries.
- The financial guarantees and fines cited in the current law are from 1996, before the currency reforms of the Bulgarian lev.
- According to trade union estimates, ‘every Bulgarian needs 100 levs a month to buy enough food to enable him or her to survive on 2,000 calories a day.’
- The country operates under a restrictive monetary arrangement that pegs the lev to the euro.
- Bulgaria has allocated a million leva for the introduction of the new vaccines, Dikme said.
- The appreciating of the lev against the US dollar pushed prices up in 2003, as dollar-denominated real estate trade switched to euro, at a one-to-one ratio, analysts commented.
- ‘Customers should have more faith in the euro and the lev,’ former Bulgarian National Bank deputy governor Martin Zaimov was quoted by local media as saying.
- ‘The sum can be minimal - 50 stotinki or one lev if one wishes so,’ she said.
- Throughout 2004, the highest value of the US dollar against the lev was 1.6572.
- The Bulgarian lev has therefore maintained its value against major currencies in real terms, which implies that the currency board arrangement is not in jeopardy from inflation pressure.
- The appreciation of the lev against the US dollar, and stability in the price of goods on international markets, would serve as brakes against inflation.
- At last Bulgaria had its own unit of currency - the lev, divided into 100 stotinki.
- The day I talked with him I found only one lev and 44 stotinki in his handkerchief, near the CD of his music.
- According to specialists, by the end of the year, one dollar will cost 1.55 leva, after which the lev is expected to become slightly more expensive.
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