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oldun
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PostSubject: Euro/Lev   Wed Oct 03, 2012 10:05 am

Hi to any newcomers who maybe confused by Bulgarian currency. The leva is the legal currency for Bulgaria. However, house prices are quoted in euros, presumably because this is an international currency with fluctuating exchange rates which may influence a foreign buyer. This is straight forward enough. Some builders, lawyers, management companies will give quotes in euros. This is not illegal but folks should be aware that the euro quotes will be just under double a leva quote. Again, no problem unless its realised that if two businesses quote in different currency the price in euros will be too high. For example: A builder quotes 20,000euros for a renovation job. Another builder gives a quote of 20,000 levs. This is roughly half the first quote as the leva is pegged to the euro at 1.95. Always ask for a quote in levas or ask for the conversion before accepting any offer. Its possible to open a euro, lev or sterling account in a Bulgarian bank but quotes in euros should flag up the question 'why?'
I hope this explanation is clear and many people will think this is understood but newcomers might be a little confused.
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Gimp
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PostSubject: Re: Euro/Lev   Mon Nov 19, 2012 4:47 pm

This is a good point and sometimes people don't realise untill its to late and the shock comes when they are given the bill.
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Chris
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PostSubject: Re: Euro/Lev   Mon Nov 19, 2012 4:55 pm

[You must be registered and logged in to see this link.] wrote:
Another builder gives a quote of 20,000 levs. Always ask for a quote in levas

Just one little point, there is no such thing as 'levs' or 'levas'.

There is one lev, and anything above that (2, 3 or 10,000) are leva.

Leva is the plural of 'lev' and there is no need to stick an 's' on the end!

[You must be registered and logged in to see this image.]
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bigsavak
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PostSubject: Re: Euro/Lev   Mon Nov 19, 2012 5:17 pm

Thanks Chris I always wondered what the difference was and now I know, its only a small thing but still important.
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oldun
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PostSubject: Re: Euro/Lev   Thu Nov 22, 2012 4:00 pm

Thanks Chris - yes its all down to the Bulgarian grammar.
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