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
Bulgaria–United States relations two countries, including agreements for postal services, conciliation, arbitration, naturalization, and extradition. During the 1920s, Bulgaria experienced an economic boom, and trade with the United States began to increase. American firms built grain elevators, dockyards, and dock facilities at the port of Varna. In 1928 Bulgaria was the largest exporter of attar of roses (used to make perfume) to the United States, and also a major exporter of tobacco to the U.S. In 1922 the Bulgarian Finance Ministry made an agreement with the American Banknote Company to print a large quantity of Bulgarian currency in the United States. There was