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
Eco (currency) economy. But this stability has a blow, the limitation of public deficits which moderates the possibilities of state investment. It is this balance to be found, with the help of the European Union, which is at the heart of the reflections on enlargement and the possible reform of the CFA and the project, dating from the 80s, of a common currency to all of West Africa (the enlarged CFA franc or another currency) Eco (currency) The Eco is the proposed name for the common currency that the West African Monetary Zone (WAMZ) plans to introduce in the framework of Economic