Central Banking

Bulgaria to keep currency board until joins EU

Bulgaria will keep its currency board until it joins the European Union, and will reduce borrowing from international lenders such as the International Monetary Fund and the World Bank, Prime Minister Ivan Kostov said Monday.

The currency board, set up in mid-1997, has been the main means of taming hyperinflation and stabilizing Bulgaria's ever-weakening currency, the lev. The board is a panel, which bars the Bulgarian central bank from issuing new money to cover fiscal deficits and bail out

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account
Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.