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
Malamir of Bulgaria Malamir of Bulgaria Malamir () was the ruler of Bulgaria 831–836. Malamir was a son of Omurtag and a grandson of Krum. His name may be of Slavic origin, which would make him the first Bulgar khan to possess a Slavic name; this has led to the speculation that his mother was a Slav, although that cannot be proven. Another theory is that it was an Iranian name, as there is an Iranian city named Malamir. Malamir became ruler of Bulgaria in 831 on the death of his father Omurtag, because his older brother Enravota (Voin) had forfeited his right