Bulgarias foreign reserves up 3% m/m in Sep 2012.

By bne IntelliNews October 3, 2012
The foreign reserves held by the central bank rose by 3% m/m to BGN 30.3bn (EUR 15.5bn) at the end of September, up from a monthly 0.6% increase registered in August, central bank data showed. The deposit of the government went up by 3.7% m/m in September, indicating improvement in government finances. It accounted for 22.7% of the total foreign reserves as compared to 22.5% in the previous month. The money in circulation went down by 0.6% m/m, while the deposits of the commercial banks rose by 2% m/m. Holdings of other depositors rose by 4.7% m/m in September. In annual terms, the reserves increased by 18.8%.

Bulgarias foreign reserves up 3% m/m in Sep 2012.

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