Bulgarian C-Bank FX Reserves Fall 3.1% in Week Ended Dec 12 - Table

Following are details from the Issue Department’s balance sheet (in millions of levs):

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 lev under this system is 1.95583 per euro.

(1 euro = 1.95583 Bulgarian levs)