BNB gets observer status at ECB meetings

The Bulgarian central bank will receive an observer status in the European System of Central Banks and in the European Central Bank General Council, after the country signs its accession treaty with EU in 2005, the Central Bank's governor, Ivan Iskrov said.

The decision was taken by the ECB and was disclosed during an official visit of its delegation to Bulgaria, Sofia News Agency reported.

The main challenge before the bank is to preserve its monetary board, said Tommaso Padoa-Schioppa, member