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Bulgarian C-Bank FX Reserves Rise 2.59% W/W in Week Ended Sept 19 - Table

Sep 23, 2008, 5:50:02 PMArticle by Iva Doneva
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September 23 (SeeNews) - The foreign exchange assets of the Bulgarian central bank's (BNB) Issue Department totalled 29.399 billion levs ($22.2 billion/15 billion euro) on September 19, up 2.59% from a week earlier, BNB said on Tuesday.

Bulgarian C-Bank FX Reserves Rise 2.59% W/W in Week Ended Sept 19 - Table

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

Sept 19 Sept 12 Dec 31'07
TOTAL ASSETS 29,399.372 28,658.327 23,346.050
FX cash and nostro accounts 3,926.679 3,273.727 3,509.428
Monetary gold and other monetary gold instruments 1,475.608 1,344.759 1,410.480
Investments in securities 23,997.085 24,039.841 18,426.142
TOTAL LIABILITIES 29,399.372 28,658.327 23,346.050
Currency in circulation 8,650.378 8,660.518 8,410.867
Liabilities to banks 6,759.771 6,430.904 5,783.339
Liabilities to government and to government budget institutions 11,120.797 10,816.281 6,446.755
Liabilities to other depositors 214.437 239.141 340.108
Banking department deposit 2,653.989 2,511.483 2,364.981

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)

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