August 3 (BTA) - The Bulgarian National Bank (BNB) is
adding the equivalent of 2 billion leva to its forex reserves,
the central bank said in a press release on Tuesday.

On August 2, 2021, the Board of Governors of the International
Monetary Fund (IMF), including BNB Governor Dimitar Radev,
approved a general allocation of about 456 billion Special
Drawing Rights (SDRs), effective August 23, 2021. The purpose is
 to boost global liquidity by addressing the long-term global
need for reserves, building confidence, and fostering the
resilience and stability of the global economy to cope with the
impact of the COVID-19 crisis.

The newly created SDRs will be credited to IMF member countries
in proportion to their existing quotas in the Fund. Bulgaria's
quota amounts to 896.3 million SDR.

Bulgaria will this receive a tranche of 859 million SDR (some 2
billion leva). The BNB's SDR reserves will be increased by that
amount and will reach approximately 1.5 billion SDR or some 3.5
billion leva. RY/LG

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