SOFIA, July 1 Bulgaria's finance ministry on
Tuesday said it had sold 1.23 billion levs ($860.56 million)
worth of treasuries with five months maturity to ensure it had
enough money to keep the country's banking system liquid.
The government had announced on Monday a precautionary
credit line to banks of 3.3 billion levs in state aid, to ensure
stability in the banking system that was hit by two runs on
lenders in June.
The finance ministry also said in its statement that the
measures Bulgarian authorities had taken had restored confidence
in Bulgarian banks and calmed depositors' nerves.
($1 = 1.4293 Bulgarian Levs)
(Reporting by Tsvetelia Tsolova Editing by Jeremy Gaunt)