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
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