Nicosia: Following Bulgaria's accession to the euro area on 1st of January 2026, the National Central Banks (NCBs) of the euro area, including the Central Bank of Cyprus, will be exchanging specific series/denominations of Bulgarian lev banknotes, free of charge, from 2nd of January to 2nd of March 2026, based on the fixed exchange rate (1 euro = 1.95583 BGN).
According to Cyprus News Agency, the Central Bank of Cyprus announced in a press release on Wednesday that the maximum amount to be exchanged is 2,000 BGN for any given person/transaction on any one day. For identification purposes, customers must present their identity card, as otherwise the exchange cannot be carried out. Coins will not be exchanged, it added.
The banknotes accepted for exchange are BGN 5 (1999, 2009 and 2020), BGN 10 (1999, 2008 and 2020), BGN 20 (1999, 2007 and 2020), BGN 50 (1999, 2006 and 2019) and BGN 100 (2003 and 2018).
The hours of service are Monday to Friday, 08:30-13:30.