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Bulgaria currency board with 160 percent security

Photo: BTA

Bulgarian National Bank Governor Dimitar Radev told the Bulgarian National Radio that the foreign currency reserves of Bulgaria are worth 24 billion euro meaning that the currency board has 160 percent security. According to Radev, the stability of the financial system is a key factor in Bulgaria’s road to the Euro Zone and now the main priority of the country is to create and maintain a financial infrastructure compliant with Euro Zone standards and to continue reform so that in a year from now the banking system is no longer an open issue in terms of the Euro Zone accession process.




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