Articles - Switching from LEVA to EUR
31st May 2024

Switching from LEVA to EUR

Hello, friends and supporters of the platform!

PavelAndreev.BG is the largest fundraising platform in Bulgaria. A logical next step for us is to become one of the largest multinational platforms. This ambition and goal is tied to our transition from the LEVA currency to the official currency in Europe - the EURO.

As of 1 June 2024, the official currency of the platform is the EURO.

More details on how it works read below:

  • Important: it doesn't matter what currency your personal account is that you donate from. It can be in BGN, EUR, USD or any other currency.
  • For donations with automatic card methods, PayPal, ApplePay, GooglePay, Revolut - the amount you enter into the POS terminal is in Euros and it doesn't matter what currency your account is in!
    Example. Your account from which you will donate is in BGN currency. Therefore - you will donate 10 euros to the platform and an amount will be withdrawn from your personal account (which is in BGN) at the bank's exchange rate. Approximately this rate is 1,96, therefore the amount that will be withdrawn from your account is 19,60lv.
  • For donations made to IBAN accounts on the platform - it doesn't matter what currency the account you are donating from is. That is, your account can be in BGN, EUR, USD and other currencies.
    Example: let's assume that the bank account you are donating from is in BGN and you will donate 100 BGN. The Foundation's bank account is in euros and therefore the amount of 100 leva from your account will be credited to the Foundation's account in euros at the bank's exchange rate, which is approximately 1.96 or 51.02 euros.

Sincerely,
Pavel Andreev
/Executive Director/

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