The establishment of the Bulgarian National Bank marked a pivotal moment in the nation's post-liberation era after centuries under Ottoman rule. Founded as part of the broader effort to create a stable and independent financial structure, it was recognized as the central monetary authority responsible for issuing currency and regulating financial institutions within the country. The Bank’s founding was driven by the urgent need for economic stability and recovery, as Bulgaria sought to rebuild its economy in the wake of the Russo-Turkish War and subsequent liberation in 1878.

Initially located in Sofia, the Bulgarian National Bank set forth on its mission to enhance economic growth and confidence in the new Bulgarian state. This included managing the state’s monetary policy and ensuring the trust of both local and international investors in the newfound nation. The bank’s leadership, comprised of qualified professionals, worked diligently to integrate progressive banking practices into everyday life, thus paving the way for modernization in Bulgaria.

As Bulgaria grew, the bank played an essential role in stabilizing the monetary system and fostering an environment conducive to economic development. It also participated in establishing the foundation for future banking sector reforms which would attract foreign investment and enhance international trade relations over the succeeding decades.