Bulgaria and the Еuro Аrea: Everything You Need to Know About the Country’s Entry into the ERM II

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Reading time: eight minutes

On July 10, Bulgaria and Croatia were officially welcomed into the ERM II—the European Union’s Exchange Rate Mechanism. If you are wondering what makes this event so important, how the ERM II works in practice, and what are the benefits of adopting the euro as a national currency, keep on reading.

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