Convert Bulgarian Lev to Turkish Lira
Please provide values below to convert Bulgarian Lev [BGN] to Turkish Lira [TRY], or Convert Turkish Lira to Bulgarian Lev.
How to Convert Bulgarian Lev to Turkish Lira
1 BGN = 0.0412356858313531 TRY
Example: convert 15 BGN to TRY:
15 BGN = 15 × 0.0412356858313531 TRY = 0.618535287470296 TRY
Bulgarian Lev to Turkish Lira Conversion Table
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Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.