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
Occitan (local currency) started his career in Pézenas. To maintain an individual bill's validity, a "scrip" corresponding to 2% of the banknote value must be paid every six months. (This system, called demurrage, is a form of currency circulation tax and was invented by Silvio Gesell.) Occitan (local currency) Occitan is the name of a community currency started in 2010 in Pézenas, Languedoc-Roussillon, France. It is named after the Occitan language. The Occitan program is intended to promote local commerce. The Occitan operates with a fixed exchange rate: = There is a fixed commission of 4% for members (shops) and 6% for individuals.