23/03/2020: COVID-19 Pandemic Impact
The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.
06/05/2015: Pegged to the euro
The Bulgarian Lev officially became a currency pegged to the euro, maintaining a fixed exchange rate, on May 6, 2015.
15/12/2008: Global Financial Crisis Impact
The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.
01/01/2002: Replacement of notes and coins
New series of notes and coins for the Bulgarian Lev were introduced, replacing the previous designs on January 1, 2002.
09/11/2001: Rand Weakens to Record Low
The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.
01/07/1999: Currency board arrangement
Bulgaria implemented a currency board arrangement, fixing the Bulgarian Lev to the euro at a rate of 1.95583 on July 1, 1999.
01/01/1995: Establishment of Reserve Bank Independence
The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.
27/04/1994: First Democratic Elections
The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.
01/08/1982: Currency Decimalization
The rand was decimalized, with 1 rand being equal to 100 cents.
15/09/1962: Introduction of the New Lev
The New Lev was introduced as a new currency in Bulgaria, replacing the Lev A, on September 15, 1962.
14/09/1961: Introduction of the Rand
The South African rand was introduced as the official currency, replacing the South African pound.
01/12/1952: Lev replaced by Lev A
The Bulgarian Lev was replaced by a new currency named Lev A on December 1, 1952 as a result of currency reform.
14/10/1923: Hyperinflation
Bulgaria experienced severe hyperinflation, causing the value of the Lev currency to plummet during the period from 1923 to 1924.
01/04/1881: Introduction of the Lev
The Bulgarian Lev currency was introduced as the official currency of Bulgaria on April 1, 1881.