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Bulgaria's Currency Board Is Super Stable
BULGARIA'S CURRENCY BOARD IS SUPER STABLE
Date: 12/01/2013
Source: Standart News

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.


Topic: Economy



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