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. Last Updated: 07/27/2016

Bulgarian Bank To Open Files

SOFIA, Bulgaria -- Bulgaria's central bank will become the first state institution to open its secret files from the communist era, a central bank official said.

"A central bank archive comprising 80,000 pages will be made available to the public from Sept. 1," Roumen Avramov, Bulgarian National Bank board member, said at a news conference Thursday.

The archives cover the nation's financial and economic history between 1945 and 1989.

"Records will give information on how the country's foreign debt was accumulated, what debt crises Bulgaria suffered in the past and how they were resolved, how decisions to syphon money through the central bank in the 80s were taken," Avramov said.

There are no laws in Bulgaria on declassifying files. The bank made the decision independently.