USD HITS RECORD HIGH AGAINST BGN

Business | May 24, 2001, Thursday // 00:00

The US dollar hit a six months high against the Bulgarian lev (BGN) in the domestic currency market. On the eve of the four non-office days (between May 24 and May 28) dedicated to the Sts Cyril and Methodius, who created the Bulgarian alphabet, the Day of Bulgarian Culture and Slavonic script, the fixing was BGN 2.27 for $1. Appreciation of the USD in the Bulgarian market is hinged to the depreciation of the EUR in the international financial markets. Local dealers believe that USD will be gaining in the next couple of months.

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