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Bulgarian Lev

The lev (Bulgarian: лев, plural: лева, левове / leva, levove; ISO 4217 code: BGN; numeric code: 975) is the currency of Bulgaria. In early modern Bulgarian, the word lev meant "lion"; the word "lion" in the modern standard language is lаv (IPA: [ɫɤf]; in Bulgarian: лъв). The lev is subdivided into 100 stotinki (стотинки, singular: stotinka, стотинка). Stotinka in Bulgarian means "a hundredth" and is, in fact, a direct translation of the French term "centime". Grammatically, the word stotinka is derived from the Bulgarian word "sto" (сто; a hundred). Since 1997, the Bulgarian lev has operated under a currency board arrangement, initially pegged to the Deutsche Mark at a fixed rate of 1,000 BGL = 1 DEM. Following the introduction of the euro and the redenomination of the lev in 1999, the peg was effectively set at 1.95583 BGN = 1 EUR. Since 2020, the lev has been part of the European Exchange Rate Mechanism (ERM II). In November 2023, Bulgarian euro coins design was approved by the Bulgarian National Bank. Bulgaria will adopt the euro as its official currency on 1 January 2026, replacing the Bulgarian lev.

Poland złoty

The złoty (alternative spelling: zloty; Polish: polski złoty, Polish: [ˈzwɔtɨ] ; abbreviation: zł; code: PLN) is the official currency and legal tender of Poland. It is subdivided into 100 groszy (gr). It is the most-traded currency in Central and Eastern Europe and ranks 21st most-traded in the foreign exchange market. The word złoty is a masculine form of the Polish adjective 'golden', which closely relates with its name to the guilder, whereas the grosz subunit is based on the groschen, cognate to the English word groat. It was officially introduced to replace its interim predecessor, the Polish marka, on 28 February 1919 and began circulation in 1924. The only bodies permitted to manufacture or mint złoty coins and banknotes are the Polska Wytwórnia Papierów Wartościowych (PWPW), founded in Warsaw on 25 January 1919, and Mennica Polska, founded in Warsaw on 10 February 1766. As a result of inflation in the early 1990s, the currency underwent redenomination. Thus, on 1 January 1995, 10,000 old złoty (PLZ) became one new złoty (PLN). As a member of the European Union, Poland is obligated to adopt the euro when all specific conditions are met; however, there is no time limit for fulfilling all of them. Currently, Poland is not in the European Exchange Rate Mechanism (ERM II).