Bulgaria is unusual in that it pegged its currency, the lev, to the euro right from the beginning of monetary union in 1999, even before it joined the European Union in 2007.

Countries must go through a two-year “waiting room” in which their currency does not fluctuate excessively against the euro. The process is meant to demonstrate that their economies are ...

Countries must go through a two-year “waiting room” in which their currency does not fluctuate excessively ... the lev, to the euro right from the beginning of monetary union in 1999, even before it ...

FRANKFURT, Germany (AP) — European Union officials gave the green light Wednesday for Bulgaria to become the 21st member of the euro currency union,, a key EU project aimed at deepening the ties ...

The euro is a shared currency and monetary system launched in 1999 when 11 EU member countries irrevocably fixed their currencies to the euro as an accounting currency, then swapped out the ...

The European Union has given the green light for Bulgaria to become the 21st member of the euro currency union. The decision on Wednesday allows the Balkan nation of 6.4 million people to replace its ...

The European Union has given the green light for Bulgaria to become the 21st member of the euro currency union. The decision on Wednesday allows the Balkan nation of 6.4 million people to replace its ...

The euro is a shared currency and monetary system launched in 1999 when 11 EU member countries irrevocably fixed their currencies to the euro as an accounting currency, then swapped out the ...

A million-dollar question will hang over the world's top central bankers when they meet in Sintra, Portugal, next week: Is ...

As above, the euro has been the top-performing G10 currency over the last month, ING's FX analyst Chris Turner notes.