January 4 (SeeNews) - The foreign exchange assets of the Issue Department of Bulgaria's central bank totalled 46.7 billion levs ($24.9 billion/23.9 billion euro) on December 30, down from 48.9 billion levs a month earlier, central bank figures show.
Following are details from the Issue Department's balance sheet published on the website of the central bank (in billions of levs):
|
end-Dec |
end-Nov |
TOTAL ASSETS |
46.7 |
48.9 |
FX cash and nostro accounts |
14.8 |
13.8 |
Monetary and other gold instruments |
2.8 |
2.8 |
Investments in securities |
29.2 |
29.2 |
TOTAL LIABILITIES |
46.7 |
48.9 |
Currency in circulation |
14.15 |
13.5 |
Liabilities to banks |
14.4 |
12.9 |
Liabilities to government and government budget institutions |
10.7 |
12.2 |
Liabilities to other depositors |
1.5 |
1.2 |
Banking department deposit |
5.95 |
6.1 |
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)