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
Bulgaria–United States relations two countries, including agreements for postal services, conciliation, arbitration, naturalization, and extradition. During the 1920s, Bulgaria experienced an economic boom, and trade with the United States began to increase. American firms built grain elevators, dockyards, and dock facilities at the port of Varna. In 1928 Bulgaria was the largest exporter of attar of roses (used to make perfume) to the United States, and also a major exporter of tobacco to the U.S. In 1922 the Bulgarian Finance Ministry made an agreement with the American Banknote Company to print a large quantity of Bulgarian currency in the United States. There was