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Dec 15, 2009 10:27 EEST
December 15 (SeeNews) - The foreign exchange assets of the Bulgarian central bank's Issue Department totalled 24.23 billion levs ($18.13 billion/12.39 billion euro) on December 11, 1.3% up from a week earlier, central bank data indicated.
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 the system is 1.95583 per euro.
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