The monetary unit in the Republic of Bulgaria is the lev (BGN), which is equal to 100 stotinki
When exchanging currency bear in mind that rates fluctuate on a day to day basis but if you are coming from mainland Europe the value of the lev against the Euro has been pegged at a fixed rate of 1 Euro = 1.95 BGN
These days you should be able to order and buy the lev in your home country before setting out to Bulgaria but you may get a better rate if you bring your Euros, Dollars or UK pounds which can be easily and safely exchanged at banks in the cities and resorts.
You can find current information on exchanging currency in Bulgaria on the site of the Bulgarian National Bank:
Best Places for Exchanging Currency in Bulgaria
Never be tempted to exchange money on the streets. This common sense advice goes for any country in the world and is not aimed at Bulgaria in particular.
There are many ATM (cashpoints) available around the cities too which operate with Mastercard, visa electron etc
When exchanging your currency my first recommendation would be the Banks and then secondly any of the money exchange bureaus that you will find around the cities. They will tend to give a more favourable exchange than the hotels and airports, my third choice of currency exchange.
Coins are not accepted. Bank notes have to be clean, no tears or writing or major creases. Scottish notes, I understand, are not accepted.
Remember to take your passport with you for exchanging your currency. Or alternatively you can photocopy your documents which the bank will honour as proof with the address of the hotel where you are staying.
Credit Cards and Cash Spending
The use of international credit and debit cards has become more widespread here in Bulgaria. Many hotels and shops and some restaurants accept them in the city areas but NOT ALL and a local village shop certainly wouldn’t accept them so it would be wise to always carry some cash particularly if you are going site seeing.
Cash is King.
Bulgarian Deposit Insurance Fund
For those who may have money in a bank in Bulgaria
The BDIF guarantee will cover both deposits in levs and in foreign currency. Deposits are repaid in national currency only. The guarantee covers deposits of Bulgarian and foreign citizens as well as of Bulgarian and foreign companies.
The Fund protects depositors’ funds in banks up to BGN 196,000 (EUR 100,000), as well as creditors’ interests in bank bankruptcy proceedings, thus promoting stability and confidence in the banking system.
Presently the Fund protects depositors’ savings with 24 different banks