Bulgaria to Introduce Euro by 2023 – IMF

Bulgaria, whose currency is already pegged to the euro, meets the nominal criteria for adopting a single currency but is also one of the poorest and most corrupt EU member states.

Bulgaria’s plans to enter the eurozone waiting room this spring and accept it as the official currency in 2023 are “completely predictable,” said the head of the International Monetary Fund Kristalina Georgieva, Reuters reported.

“I expect that the plans for Bulgaria’s accession to the eurozone will be fulfilled,” Georgieva said.

According to her, the President of the European Central Bank Christine Lagarde “very positive” perceives Bulgaria’s desire to join the eurozone and told her at the World Economic Forum in Davos that “it seems that in my room where the meetings will take place the eurozone will soon speak Bulgarian, and Georgieva believes that joining the eurozone will be beneficial for the country and will provide greater monetary security and protect it from global uncertainty.

Bulgaria, whose currency is already pegged to the euro, meets the nominal criteria for adopting a single currency with healthy public finances and low debt but is also one of the poorest and most corrupt EU member states.

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