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Bulgaria's Currency Board Is Super Stable
1 min read Source: Standart
From our news archive: this article was published in January 2013. Figures and rules may have changed since.
Bulgaria's Currency Board Is Super Stable
(Sofia, Jan 12) - "The currency board functioning in Bulgaria is super-stable," the monthly analysis of Raiffeissen Bank Bulgaria reads.
The experts have calculated that at the end of November 2012 the currency board's reserves amount to 15.1 billion euro, which is an increase by 2.2 million euro from a month ago.
The board's reserves have increased by 1.9 billion euro (14.4%) year-on-year, which is a surplus of about 89% to the minimum reserves ensuring the board's stability.
Originally published by Standart.
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