Bulgaria c-bank fx reserves down on Brady payment

BULGARIA - The foreign exchange assets of the Bulgarian National Bank's (BNB) Issue Department fell by a net 167.3 million euros ($146.3 million) after Bulgaria paid coupon on its Brady bonds, a central bank official said on 30 July.

"The decrease in foreign exchange reserves resulted from the coupon payment," a central bank official said.

Last week, Bulgaria paid $133.5 million in a semi-annual Brady bond coupon and said it would pay $16.1 million in principal on 30 July.

BNB's Issue Department

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