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
Center for the Study of Democracy (Bulgaria) Center for the Study of Democracy (Bulgaria) This article is about the Center for the Study of Democracy in Bulgaria For the other institution by the same name, in the United States, see the Center for the Study of Democracy at St. Mary's College of Maryland, USA. Founded in late 1989, the Center for the Study of Democracy (CSD) is an interdisciplinary public policy institute dedicated to the values of democracy and market economics, based in Bulgaria. The CSD is a non-partisan, independent organization fostering the reform process in Bulgaria through impact on policy and civil society, and is one