BGN

BGN

Source: compiled by the editor, based on several corpora (additional references).

Economic History

Bulgaria

Note: Exchange rates used are BGN 1.838 for 1999, BGN 2.214 for 2000 and BGN 2.1098 for 2001. (references)

Bulgaria

On July 5, 1999, the lev was redenominated, with BGL 1,000 replaced by one new lev (BGN). Thus BGN 1.00 equals DM 1.00. The Currency Board requires the Bulgarian National Bank (BNB) to hold sufficient foreign currency reserves to cover all the levs in circulation including the lev reserves of the banking system; the BNB can only refinance commercial banks in the event of systemic risk to the banking system; and the government is limited in taking on new financial liabilities or providing sovereign guarantees. (references)

Political Economy

BULGARIA

Regulations allow foreign currency up to BGN 20,000 ($8,700) to be exported upon written declaration. (references)

Trade

Bulgaria

The fee levied for the testing and certification process is BGN 50-70 per application. (references)

Bulgaria

The central bank has enforced compliance with the Basel Accord's 10 percent capital adequacy ratio and a BGN 10 million minimum capital requirement (approximately $4.5 million). (references)

Bulgaria

The Bulgarian-American Credit Bank has the biggest credit portfolio in Bulgaria, with BGN 85 million in loans outstanding (BGN 74 to private firms), representing 90 percent of the assets of the Bank. (references)

Travel

Bulgaria

Tickets cost BGN 0.40 and can be purchased in newspaper kiosks or special ticket stands. (references)

Bulgaria

Occasionally, plainclothes inspectors make spot checks, imposing BGN 4.00 fines on those traveling without tickets. (references)

Bulgaria

Upon entry into and departure from Bulgaria foreign nationals must make a written declaration of negotiable instruments, precious metals in excess of the normal amount for personal and family use, and currency of BGN 5,000 or the foreign currency equivalent. (references)

Source: compiled by the editor from ICON Group International, Inc.; see credits.

Scrabble® Enable2K-Verified Anagrams

+1 letter: bang, bong, bung.

+2 letters: bangs, began, begin, begun, being, bhang, binge, bingo, bogan, boing, bongo, bongs, bring, bungs, goban.

+3 letters: abying, baaing, bagman, bagmen, bagnio, baking, baling, bandog, banged, banger, bangle, baning, baring, barong, basing, bating, baying, begins, begone, beings, belong, benign, bhangs, biding, biggin, biking, binged, binger, binges, bingos, biogen, biting, bluing, blunge, boding, bogans, bonged, bongos, boning, booing, boring, bowing, boxing, brings, brogan, bunged, bungee, bungle, busing, buying, bygone, cubing, ebbing, gabion, gaboon, gibbon, gibing, gibson, globin, gobang, gobans, goblin, gobony, graben, gybing, jibing, lubing, oblong, orbing, robing, tubing.

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