Bulgaria and the euro government, notably economy minister Petar Dimitrov, have speculated about unilaterally introducing the euro, which was not well-met by the European Commission. The lev is not part of ERM-II, but since the launch of the euro in 1999, it has been pegged to the euro at a fixed rate of €1 = BGN 1.95583 through a strictly managed currency board. In all of the three latest annual assessment reports, Bulgaria managed to comply with four out of the five economic convergence criteria for euro adoption, only failing to comply with the criteria requiring the currency of the state to have been
Protestantism in Bulgaria church funding was cut off by a law curbing foreign currency transactions. Because many ministers had been educated in the West before World War II, they were suspected automatically of supporting the opposition parties. In 1949 thirty-one Protestant clergymen were charged with working for American intelligence and running a spy ring in Bulgaria. All church property was confiscated, and the churches' legal status was revoked. Most of the mainstream Protestant denominations maintained the right to worship nominally guaranteed by the constitution of 1947. Like the practitioners of the other faiths, Protestants in Bulgaria enjoyed greater religious freedom after the fall