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Nov 19, 2007 16:08 EEST
November 19 (SeeNews) - The foreign exchange assets of the Bulgarian central bank's Issue Department totalled 23.619 billion levs ($17.3 billion/11.9 billion euro) on November 16, up 1.7% from a week earlier, central bank data showed on Monday.
Details from the Issue Department's balance sheet follow (in millions of levs):
NOTE: Since July 1997 Bulgaria has been operating an IMF-prescribed currency board system, a strict monetary arrangement that ties the level of cash in circulation to the amount of central bank reserves. The fixed exchange rate of the Bulgarian lev under this system is 1.95583 per euro.
(1 euro = 1.95583 Bulgarian levs)
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