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
Volga Bulgaria primarily masters and craftsmen, were forcibly moved to Sarai and other southern cities of the Golden Horde. Volga Bulgaria remained a center of agriculture and handicraft. Volga Bulgaria Volga Bulgaria (, ) or Volga–Kama Bulghar, was a historic Bulgar state that existed between the 7th and 13th centuries around the confluence of the Volga and Kama River, in what is now European Russia. Information from first-hand sources on Volga Bulgaria is rather sparse. As no authentic Bulgar records have survived, most of our information comes from contemporary Arabic, Persian, Indian or Russian sources. Some information is provided by excavations. It