According to Bulgarian National Bank (BNB), Bulgaria and the head of the Eurogroup have signed a Memorandum of Understanding to manufacture euro coins.
When Bulgaria wins approval to join the Eurozone, the document explains the actual steps that will allow it to begin manufacturing euro coins. They deal with the selection of the national designs for the Bulgarian euro coins as well as the minting of a fixed number of trial coins bearing the standard sides of the euro coins.
President Rumen Radev, who is in Tirana for the EU-Western Balkans conference, made the initial announcement of the news. He claims that our nation may start planning to issue euro coins once the pact is completed.
“This acknowledges the efforts of numerous governments in this area, with a special nod to all the Eurogroup nations following a thorough examination of the interim administration’s coping mechanisms. This shows that the Bulgarian government is succeeding and has bucked the trend. Efforts to achieve macro stability include “Radev made a mention.
A crucial step toward the nation’s entry into the Eurozone has been taken with the signing of the Memorandum. According to the Bulgarian National Bank, the EU Council must make the ultimate decision (BNB).
On the other hand, the government’s decision to join the Eurozone has angered Bulgaria’s inhabitants. Several Bulgarian nationalists protested against the government’s intention to enter the Eurozone on Saturday.
They said that Bulgaria’s entrance to the Eurozone would only cause the people of Bulgaria to become even more destitute due to the shock inflation that all of the countries experienced in the initial years after their membership in the Eurozone.
Bulgaria’s total monetary sovereignty would be lost if it joined the Eurozone at this time; it would no longer be able to set its monetary policy.
The demonstrators assembled in front of the European Commission Representation in Bulgaria building and hurled rotten eggs over it while chanting “We are not Slaves” in opposition to the authorities.