February 1 (SeeNews) - The foreign exchange assets of the Issue Department of Bulgaria's central bank BNB totalled 45.2 billion levs ($24.9 billion/23.1 billion euro) on January 31, down from 46.7 billion levs a month earlier, BNB figures showed on Wednesday.
Following are details from the Issue Department's balance sheet published on BNB website (in billions of levs):
|
end-Jan |
end-Dec |
TOTAL ASSETS |
45.2 |
46.7 |
FX cash and nostro accounts |
14.8 |
14.8 |
Monetary and other gold instruments |
2.8 |
2.8 |
Investments in securities |
27.6 |
29.2 |
TOTAL LIABILITIES |
45.2 |
46.7 |
Currency in circulation |
13.7 |
14.15 |
Liabilities to banks |
13.1 |
14.4 |
Liabilities to government and government budget institutions |
11.16 |
10.7 |
Liabilities to other depositors |
1.36 |
1.5 |
Banking department deposit |
5.9 |
5.95 |
Since July 1997, Bulgaria has been operating an IMF-prescribed currency board system, a tight monetary arrangement that ties the level of cash in circulation to the amount of central bank reserves. The fixed exchange rate of the Bulgarian currency under the system is 1.95583 levs per euro.
(1 euro=1.95583 levs)