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
Currency lads and lasses the colony which specifically set out to protect the interests of the native-born". "The currency" as a whole were usually separated according to gender as "currency lads" and "currency lasses." In 1849, J. P. Townsend wrote: "whites born in the colony...are...called 'the currency;' and thus the 'Currency Lass' is a favourite name for colonial vessels," and, according to Edward E. Morris, also for hotels. In 1852, the term was still being used: "A singular disinclination to finish any work completely, is a striking characteristic of colonial craftsmen, at least of the 'currency' or native-born portion." However, when Morris published his