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
Prostitution in Bulgaria of State Office to Monitor and Combat Trafficking in Persons ranks Bulgaria as a 'Tier 2' country. Prostitution in Bulgaria Prostitution in Bulgaria is itself legal, but organised prostitution (brothels, prostitution rings, or other forms of procuring) is prohibited. In the past, the Bulgarian government considered fully legalising and regulating prostitution. The sex trade is a major source of income for Bulgarian criminals. UNAIDS estimates there are 10,000 prostitutes in the country, and in 2013 there were 20,000 Bulgarian prostitutes working abroad and this was a source of foreign exchange earnings for Bulgaria. Because of poor socioeconomic conditions, a high