Bulgaria will expand her exchange currency reserve if the population would bring out their own cash in European currencies and start selling them to the Bulgarian National Bank (BNB), said for the `Standart` bank experts. The Managers` Board of the Central bank decided after July 1 to buy out unlimited amount of DM, French Francs, Drachms, etc. euro pegged currencies. From January 1, 2002, the euro becomes the official monetary unit for the most of the European countries. Romano Prodi, Euro Commission President, warned yesterday about the possibility that East European players and holdings having large amounts of DM to sell and exchange them in cash for U.S. dollars instead of euro. All this will lead to aggressive sales of euro by the end-year, when it would turn to be unprovided for with European currencies. The Bulgarian lev which is pegged to the DM and through it-to the euro will also be affected from this measure, the bankers are flat.

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