As you may know, the Republic of Bulgaria is officially adopting the Euro (EUR) and joining the Eurozone, with the transition becoming effective on January 1, 2026.
To ensure we continue providing you with efficient and compliant service during this major market event, we will be winding down all BGN-related services in the weeks leading up to the official switch. On January 1, 2026, all remaining BGN holdings will be automatically converted to EUR.
We’ve set a clear timeline to minimise any disruption to your business:
Key Dates for BGN Services Transition
Service | Final Operational Date/Time | What This Means |
BGN Accounts | Tuesday, December 23, 2025, 17:00 CET | All dedicated BGN IBANs will be deactivated. A dedicated EUR IBAN will be assigned to you before that date. Additionally, Ebury’s BGN local bank account will be disabled for receiving funds. |
BGN Trading (FX Conversion) | Thursday, December 25, 2025, 17:00 CET | You will no longer be able to convert currency to or from BGN, subject to liquidity in the market. |
BGN Payments (Outbound) | Monday, December 29, 2025, 14:00 CET | Outbound payments in BGN will stop. Pending payments after this time may be rejected or automatically converted to EUR. |
BGN Beneficiaries | Monday, December 29, 2025, 17:00 CET | BGN beneficiaries will be deactivated. |
Final Balance Conversion | Tuesday, December 30, 2025, End of Day | Any remaining BGN balance in your Ebury account will be automatically converted to EUR at the 1.95583 BGN rate applicable at the time of conversion. |
Your Quick Checklist
To ensure a completely smooth transition, here are the simple steps we recommend you take:
Execute Conversions: Please complete any final BGN currency conversions via our platform before the trading deadline of December 25, 2025.
Adjust Payment Instructions: Update your partners, suppliers, and internal systems to ensure all future inbound payments are instructed in an alternative supported currency (like EUR) after December 29, 2025 (as BGN accounts are deactivated at 17:00 CET on that date).
If you have any questions or need help navigating this transition, don't hesitate to reach out to your Client Portfolio Manager.
Frequently Asked Questions (FAQs)
Why is Ebury discontinuing BGN services?
This change is a direct result of the Republic of Bulgaria officially adopting the Euro (EUR) as its national currency and joining the Eurozone, effective January 1, 2026.
When is the last day I can trade (convert FX) BGN?
The final date and time for BGN trading capabilities is Thursday, December 25, 2025, at 17:00 CET.
When is the last day I can send BGN payments?
Outbound BGN payments will cease on Monday, December 29, 2025, at 14:00 CET.
What are the bank details for sending EURs to Bulgaria in case I don’t have a dedicated EUR IBAN?
You can check bank details on EBO or contact our Client Servicing Team.
What happens to my BGN balance if I don't convert it myself?
Any remaining BGN balances held in your Ebury account will be automatically converted to EUR at the end of the day on Tuesday, December 30, 2025, using the applicable 1.95583 BGN for 1 EUR rate.
What do I need to do now?
We recommend two main actions:
Complete any necessary BGN currency conversions before the trading deadline (Dec 25, 2025).
Update all inbound payment instructions to an alternative supported currency (such as EUR) after December 29, 2025.