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
What a Beautiful Name on 6 January 2017, as the lead single from their 25th live album, "Let There Be Light" (2016). "What a Beautiful Name" was composed in December 2015 in Sydney, Australia, for the upcoming Hillsong Conference, the annual church gathering. The scriptural foundation of the song can be found in , and . According to sheet music published at Sheetmusicdirect.com by Hillsong Publishing, "What a Beautiful Name" is a slow tempo of 68 beats per minute. Written in common time, the song is in the key of D major. Brooke Ligertwood's vocal range spans from A to B during the song.