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Bulgaria's C-Bank FX Reserves Edge Up 0.3% in Week Ended Dec 23 - Table

Dec 29, 2009, 11:29:36 AMArticle by Vera Borisova
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December 29 (SeeNews) - The foreign exchange assets of the Bulgarian central bank's Issue Department totalled 24.23 billion levs ($17.87 billion/12.39 billion euro) on December 23, 0.3% up from a week earlier, central bank data indicated.

Bulgaria's C-Bank FX Reserves Edge Up 0.3% in Week Ended Dec 23 - Table

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

Dec 23 Dec 17 Dec 30'08
TOTAL ASSETS 24,225.416 24,157.376 24,864.756
FX cash and nostro accounts 3,090.959 2,978.871 2,655.053
Monetary gold and other monetary gold instruments 1,902.191 1,929.150 1,536.815
Investments in securities 19,232.266 19,249.355 20,672.888
TOTAL LIABILITIES 24,225.416 24,157.376 24,864.756
Currency in circulation 8,089.579 7,879.825 9,179.414
Liabilities to banks 3,743.398 3,984.857 5,006.376
Liabilities to government and to government budget institutions 7,180.635 6,985.866 7,291.573
Liabilities to other depositors 400.166 463.515 289.902
Banking department deposit 4,811.638 4,843.313 3,097.491

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 the system is 1.95583 per euro.

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