Comment Comment by ingohelpinger Well, the Lev was pegged to the DM first, which was a way stronger currency.The euro has depreciated more (in both real purchasing power and against other currencies) than the Deutsche Mark.The DM was seen as one of the strongest and most stable post-WWII currencies, while the euro has struggled with crises and inflation.Bulgaria pegging to the DM in 1997 meant anchoring to a much harder currency than what the euro has become. parent ingohelpinger 1 year ago
The euro has depreciated more (in both real purchasing power and against other currencies) than the Deutsche Mark.
The DM was seen as one of the strongest and most stable post-WWII currencies, while the euro has struggled with crises and inflation.
Bulgaria pegging to the DM in 1997 meant anchoring to a much harder currency than what the euro has become.