October 28 (SeeNews) - The foreign exchange assets of the Bulgarian central bank's Issue Department totalled 23.59 billion levs ($17.89 billion/12.06 billion euro) on October 23, 0.7% down from a week earlier, central bank data indicated.
Following are details from the Issue Department's balance sheet (in millions of levs):
|
Oct 23 |
Oct 16 |
Dec 30'08 |
TOTAL ASSETS |
23,591.175 |
23,750.672 |
24,864.756 |
FX cash and nostro accounts |
3,234.475 |
3,558.838 |
2,655.053 |
Monetary gold and other monetary gold instruments |
1,776.908 |
1,769.487 |
1,536.815 |
Investments in securities |
18,579.792 |
18,422.347 |
20,672.888 |
TOTAL LIABILITIES |
23,591.175 |
23,750.672 |
24,864.756 |
Currency in circulation |
7,648.137 |
7,790.279 |
9,179.414 |
Liabilities to banks |
3,747.502 |
3,724.217 |
5,006.376 |
Liabilities to government and to government budget institutions |
7,101.616 |
7,144.985 |
7,291.573 |
Liabilities to other depositors |
505.942 |
514.387 |
289.902 |
Banking department deposit |
4,587.979 |
4,576.804 |
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.