1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.2708 BGN (Bulgarian Lev). It is the currency of Bulgaria. The Lev currently being used in Bulgaria was introduced in 1995. The Lev is pegged to the Euro at a rate of 1 Euro = 1.95583 Lev. The currency is issued and controlled by the Bulgarian National Bank. Lev is subdivided into 1 Lev = 100 Stotinka.