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LESS SHORT-TERM FUNDS ON INTERBANK MARKET
Business | November 20, 2001, Tuesday // 00:00
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Supply of short-term funds on Bulgaria’s interbank market marked a fall on November 18. Bank dealers explained that the outflow of Bulgarian levs from the banks to the budget led to the fall. Overnight deposits annual interest rate reached 7,5%. A possible solution to the periodic shortage of Bulgarian levs is changing the Bulgarian National Bank regulation concerning the amount of foreign currency it can buy from banks.
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