Bulgaria’s C-Bank to Publish Currency Exchange Rates by 6 p.m. on Workdays

Bulgaria’s central bank said on Thursday that it would start publishing the exchange rates of foreign currencies against the Bulgarian lev by 6 p.m. Sofia time on business days as of 1 July 2016, two hours later than the current deadline of 4 p.m.

The exchange rates published on the website of the Bulgarian National Bank (BNB) will be valid for the same business day just as they are at present.

If no new exchange rates are published by 6 p.m., the rates announced on the previous business day shall be valid, the BNB said in a statement.

The BNB usesthe exchange rates of the euro against other currencies published daily by the European Central Bank to calculate the exchange rate of the Bulgarian lev against those currencies based on the fixed lev/euro exchange rate.

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