Definition of lev in English:

lev

noun

  • The basic monetary unit of Bulgaria, equal to 100 stotinki.

    • ‘The statement that the Bulgarian lev is undervalued is in contradiction to statements from some economists that the competitiveness of the Bulgarian economy is increasing at a slower pace than those in EU countries.’
    • ‘The country operates under a restrictive monetary arrangement that pegs the lev to the euro.’
    • ‘The day I talked with him I found only one lev and 44 stotinki in his handkerchief, near the CD of his music.’
    • ‘He also said the rises were necessary given the exchange rate of the dollar against the lev, and the prices of the energy resources.’
    • ‘‘Customers should have more faith in the euro and the lev,’ former Bulgarian National Bank deputy governor Martin Zaimov was quoted by local media as saying.’
    • ‘Inflation looks set to top 10 per cent this year, but that's no surprise considering the high cost of oil and a strong dollar (given that Bulgaria's lev is linked to the euro).’
    • ‘According to specialists, by the end of the year, one dollar will cost 1.55 leva, after which the lev is expected to become slightly more expensive.’
    • ‘The appreciating of the lev against the US dollar pushed prices up in 2003, as dollar-denominated real estate trade switched to euro, at a one-to-one ratio, analysts commented.’
    • ‘Bulgaria has allocated a million leva for the introduction of the new vaccines, Dikme said.’
    • ‘‘The sum can be minimal - 50 stotinki or one lev if one wishes so,’ she said.’
    • ‘The financial guarantees and fines cited in the current law are from 1996, before the currency reforms of the Bulgarian lev.’
    • ‘Throughout 2004, the highest value of the US dollar against the lev was 1.6572.’
    • ‘The law provides currently for serious damages to depositors in the event of a possible bank crisis when the Bulgarian lev would be depreciated.’
    • ‘The lev is expected to appreciate further against the dollar in 2004.’
    • ‘At last Bulgaria had its own unit of currency - the lev, divided into 100 stotinki.’
    • ‘According to trade union estimates, ‘every Bulgarian needs 100 levs a month to buy enough food to enable him or her to survive on 2,000 calories a day.’’
    • ‘According to him, the exchange rates of the lev and the euro to the US dollar were not crucial to the Bulgarian economy.’
    • ‘The Bulgarian lev has therefore maintained its value against major currencies in real terms, which implies that the currency board arrangement is not in jeopardy from inflation pressure.’
    • ‘The Bulgarian lev is tied to the euro, which did not benefit much from the dollar problems.’
    • ‘The appreciation of the lev against the US dollar, and stability in the price of goods on international markets, would serve as brakes against inflation.’

Origin

Bulgarian, variant of lăv lion.

Pronunciation:

lev

/lɛv//lɛf/