Definition of lev in English:

lev

noun

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

    • ‘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).’
    • ‘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.’
    • ‘The country operates under a restrictive monetary arrangement that pegs the lev to the euro.’
    • ‘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 is tied to the euro, which did not benefit much from the dollar problems.’
    • ‘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.’
    • ‘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.’
    • ‘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.’
    • ‘The day I talked with him I found only one lev and 44 stotinki in his handkerchief, near the CD of his music.’
    • ‘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 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 lev is expected to appreciate further against the dollar in 2004.’
    • ‘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.’
    • ‘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.’’
    • ‘The law provides currently for serious damages to depositors in the event of a possible bank crisis when the Bulgarian lev would be depreciated.’
    • ‘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.’

Origin

Bulgarian, variant of lăv lion.

Pronunciation:

lev

/lɛv/