Bulgaria and the euro a stable ERM-II member for a minimum of two years. While Bulgaria has not formally joined the exchange rate mechanism, the ±15% floating band permitted within ERM II is less restrictive than Bulgaria's current strict peg of 1.95583 BGN to 1 EUR. The lev has been pegged to the euro since its launch, and prior to that was pegged on par to the German Mark. While the currency board which pegs Bulgaria to the euro has been seen as beneficial to the country fulfilling criteria so quickly, the ECB has pressured Bulgaria to drop it as it did not know
Islam in Bulgaria democratic history, the President of Bulgaria Rosen Plevneliev hosted an iftar dinner. The iftar took place in the President's Boyana Residence and was attended by the Prime Minister, the Speaker of the National Assembly, party leaders, and representatives of all religions in the country. Islam in Bulgaria Islam in Bulgaria is a minority religion and the largest religion in the country after Christianity. According to the 2011 Census, the total number of Muslims in Bulgaria stood at 577,139, corresponding to 7.8% of the population. According to a 2017 estimate, Muslims make up 15% of the population. Ethnically, Muslims in Bulgaria