Foreign exchange market

Nikolay Vassilev, Expert: Bulgaria is Ready For the Eurozone

,,We expect the coming year to enter the Eurozone waiting room, but this is a moving term that can last longer. Bulgaria has not yet applied for membership in the currency mechanism'', former Economy Minister Nikolay Vassilev said in the morning block of the Bulgarian National Television.

BNR's Vasilescu: The leu declined fast, after 1 January, but not as fast as to create concerns

The decline of the national currency in relation to the euro is 0.6 percent, and only in the situation in which it declines over 4-5 percent the Central Bank analysis rigor intervenes, National Bank of Romania (BNR) strategy consultant Adrian Vasilescu maintains.

"Net FX reserves at highest month-end level since 2000"

The central bank announced this on Tuesday.

"This level of FX reserves covered 190 percent of money supply (M1) or around six months'' worth of the country's imports of goods and services (almost twice the level prescribed by the standard on the adequate level of coverage of the imports of goods and services by FX reserves)," a press release said, adding:

Experts: Bulgaria is Among the Least Endangered Countries in the Currency Crisis Happening Around the World

Seven emerging economies are at risk of a crisis in the exchange rate. They are Sri Lanka, South Africa, Argentina, Pakistan, Egypt, Turkey and Ukraine, experts from Nomura Holdings, quoted by Bloomberg, said in an interview.

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