Bulgaria to replace 2 levs note with coin

The Bulgarian National Bank has announced that it will replace the 2 levs note with a coin. The reason for this move is to cut costs. Printing the 2 levs note provides for 1.2 million losses annually. The announcement for the replacement of the note with a coin came together with the announcement that the BNB has signed a joint venture printing deal with François-Charles Oberthur International SA. Oberthur is the worlds third largest banknote producer, printing banknotes for more than 70 countries.