Central Banking

Bulgarian mint to be split from central bank

BULGARIA - The mint of the Bulgarian National Bank (BNB), which prints Bulgarian levs, will be split from the BNB and transformed into a state-owned joint stock company as of 2002.

The measure is envisaged in the 2002 BNB draft budget, which has already been tabled in Parliament. The transformation of the mint is aimed at its more effective management and operation, BNB sources said. The new status of the mint will enable it to participate in tenders in Bulgaria and abroad. Several big Europea