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Sep 10, 2007 17:18 EEST
September 10 (SeeNews) - The foreign exchange assets of the Bulgarian central bank's Issue Department totalled 21.77 billion levs ($14.2 billion/10.4 billion euro) on September 5, up 7.8% compared to data as of August 31, central bank data showed on Monday.
The central bank releases the foreign exchange assets data on a weekly basis but latest statistics are for a shorter period as Bulgaria had a public and market holiday on September 6 and 7.
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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