The currency board in Bulgaria will endure the financial difficulties
“Our analysis shows, that Bulgaria faces the trials of the adaptation in the process of reduction of shares of loaned capitals in operations in the financial market. To be specific, we have to watch over the index for competitive power, the fiscal tendencies and the financial stability.”
That was stated in the report of the financial experts and analysers from the central management of Citybank in the USA, owned by the BGNES agency.
“Despite the trials, we think that the currency board will most probably endure the financial difficulties. It has a solid base to overcome the troubles because of the significant financial buffer that is the fiscal reserve (about 15% of the GDP) and the large currency reserve.