Opciones de búsqueda
Home Medios El BCE explicado Estudios y publicaciones Estadísticas Política monetaria El euro Pagos y mercados Empleo
Sugerencias
Ordenar por
No disponible en español
  • PRESS RELEASE
  • 22 April 2020

ECB and Bulgarian National Bank set up swap line to provide euro liquidity

  • ECB and Bulgarian National Bank set up new swap line
  • Swap line to remain in place until end-2020, or as long as needed
  • Size of swap line set at €2 billion

The European Central Bank (ECB) and the Българска народна банка (Bulgarian National Bank) have agreed to set up a precautionary currency agreement (swap line) to provide euro liquidity.

Under the new swap line, the Bulgarian National Bank will be able to borrow up to €2 billion from the ECB in exchange for Bulgarian levs. The maximum maturity for each drawing will be three months. The swap line will remain in place until 31 December 2020, unless it is extended.

Bulgaria is preparing for participation in the exchange rate mechanism (ERM II), which is a prerequisite for an EU Member State to join the euro area.

For media queries, please contact Eva Taylor, tel.: +49 69 1344 7162.

Notes

CONTACTO

Banco Central Europeo

Dirección General de Comunicación

Se permite la reproducción, siempre que se cite la fuente.

Contactos de prensa