What does BGN mean in Currencies?

This page is about the meanings of the acronym/abbreviation/shorthand BGN in the Regional field in general and in the Currencies terminology in particular.

Bulgarian Lev

Regional » Currencies

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Definition

What does BGN mean?

Bulgarian lev
The lev (Bulgarian: лев, plural: лева, левове / leva, levove) is the currency of Bulgaria. In archaic Bulgarian the word "lev" meant "lion", a word which in the modern language became lăv (IPA: [ɫɤf]; in Bulgarian: лъв). The lev is divided in 100 stotinki (стотинки, singular: stotinka, стотинка). Stotinka in Bulgarian means "a hundreth" and in fact is a translation of the French term "centime". Grammatically the word "stotinka" comes from the word "sto" (сто) - a hundred. 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 Euro of BGN 1.95583 : EUR 1. Since 2020, the lev has been a part of the European Exchange Rate Mechanism (ERM II).

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"BGN." Abbreviations.com. STANDS4 LLC, 2021. Web. 23 Jun 2021. <https://www.abbreviations.com/term/579483>.

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