site.bta300,000 Signatures Gathered for Referendum to Keep Bulgarian Lev

300,000 Signatures Gathered for Referendum to Keep Bulgarian Lev
300,000 Signatures Gathered for Referendum to Keep Bulgarian Lev
Initiative Committee for Preservation of Bulgarian Lev, Feb. 23, 2023 (BTA Photo)

A total of 300,000 signatures have been collected in the span of six weeks for a referendum to preserve the Bulgarian currency until 2043, the spokesman of the initiative committee for the referendum and secretary of the Sofia chapter of the Vazrazhdane party, Deyan Nikolov, said Thursday. He pointed out that last week alone they collected 53,000 signatures.

"If we continue at the same pace, given the good weather, by the end of the 12th week we may have about 600,000 signatures," Nikolov added.

According to him, the petition is going quite well. "We are very happy that there is a strong response in Europe and we are sure that Bulgaria's decision to postpone its entry into the EUR area is also thanks to our petition", Nikolov said.

We are reporting a victory here, but we continue to collect signatures, we will implement the referendum because there is talk of postponing it for 6 or 12 months, he said. The spokesman elaborated that such a decision should not be left in the hands of the European Commission (EC), the European Central Bank (ECB) or a caretaker government, but rather should be in the hands of the Bulgarian people.

According to Nikolov, the decision adopted about half a year ago by Parliament that Bulgaria will enter the EUR area only at the rate of BGN 1.95583 to EUR 1 is pointless because the bill on the euro introduction states that Bulgaria will join the eurozone with an exchange rate to be determined in an EU regulation - a decision to be taken between the EC, the EU Council, the ECB, EU member states and Bulgaria.

Bulgaria's National Changeover Plan - and all other published documents related to the adoption of the euro, says that the conversion will be done by applying the irrevocably fixed exchange rate of BGN 1.95583 for EUR 1, which will be confirmed by amending Regulation (EU) No 2866/98 on the exchange rates to the euro of the currencies of the Member States adopting the euro.

/BR/

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By 12:40 on 02.03.2024 Today`s news

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