Bulgarian Bank Advisor: Bulgaria Lev Strongest Currency in Eastern Europe

Business | February 16, 2009, Monday // 00:00| Views: | Comments: 9
Bulgaria Bulgarian Bank Advisor: Bulgaria Lev Strongest Currency in Eastern Europe: Bulgarian Bank Advisor: Bulgaria Lev Strongest Currency in Eastern Europe The Bulgarian Lev is the strongest currency in the region according to Bulgarian National Bank advisor, Kalin Hristov. Photo by Yuliana Nikolova (Sofia Photo Agency)

Kalin Hristov, an advisor to the Bulgarian National Bank's (BNB) Governor, has stated that he believes that the Bulgarian Lev (BGN) is the most stable currency in Eastern Europe due to the Bulgarian economy being the most flexible and competitive in the region, the German publication Frankfurter Allgemeine Zeitung reported Monday.

Hristov suggested that the currencies of countries with currency board arrangements, like Bulgaria, are more stable in times of crisis when floating courses start rapidly devaluating and create problems for banks.

After taking into account that Bulgaria's banking system has considerable reserves to fall back on in times of trouble, Hristov believes that Bulgaria's banks will remain more stable than the banks in other countries in Central and Eastern Europe in 2009, despite the fact that they will probably show a slower growth than in previous years.
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» To the forumComments (9)
pk - 18 Feb 2009 // 05:31:08

Hey, but at least the guy is super rich right -ANd that makes him ok in america!

pk - 18 Feb 2009 // 05:29:08

Maybe your following too closely the Republican god Rush Bimbo. You remember him-that FAT big time pill popping drug addict...

pk - 18 Feb 2009 // 05:21:11

another BIG drop in the euro yesterday Nellie...I'm still waiting for that dollar collaspe u speak of.

pk - 17 Feb 2009 // 08:21:14

Very soon Nellie?

What is soon? 1 month- 6 months -1 year?

Stick your neck out and tell me how low will the euro drop before it goes back up (dollar down)?

NellieotAmerica - 17 Feb 2009 // 04:19:21


Don't worry, dude. The dollar will be heading down very soon.

Buddy - 17 Feb 2009 // 01:19:14

After such statements, Bulgarian citizens should be prepared for a devaluation of the LEV in the next six months...

pk - 16 Feb 2009 // 18:51:08

I believe that same " Bulgarian Bank Advisor" spoke at the Conference: Invest in Bulgaria 2008" and now took a second job on Vitosha Blvd at the change bureau.

In 2007 he recomended buying the sofix stock market- right at the high...

NOW THAT is a guy we need to listen to!

pk - 16 Feb 2009 // 18:43:36

It "would of been" a much better play Chuschki if you had dumped the LEv and the Pound into dollars at the beggining of the year!

Chushki - 16 Feb 2009 // 17:48:07

This is wonderful news!! I will immediately be transferring all of my dollars and pounds into Lev, as well as converting my gold reserves into Lev, and I strongly urge everyone the world over including governments to do the same.

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