Bulgarians may begin exchanging their lev for euros if the upcoming convergence report, expected on June 4th, confirms the country's readiness for the currency switch. This was highlighted by Deputy Finance Minister Metodi Metodiev on Nova TV. Metodiev noted that in countries that recently adopted the euro , bank deposits saw an increase as citizens took a logical approach by placing their savings in banks for automatic conversion into euros. He pointed out that Bulgaria is closely coordinating