activities will continue through implementing the european regulatory framework applicable to the credit institutions with a focus on the consistent implementation of the technical standards and regulations, the guidelines of the european banking authority and the recommendations of the european systemic risk board. priorities : • carrying on the practice of uninterrupted supervisory cycle by means of ongoing off - site control 1 / 2 bis central bankers'speeches and on - site inspections ; • the supervisory review and assessment of banks based on the approach developed in alignment with the ecb internal guidelines and the guidelines issues by the european banking authority. the purpose of the supervisory review and assessment is to strengthen the link between the dynamics of risks within the system, a bank ’ s risk profile, its own funds, its liquid assets and risk management systems and internal control environment, which would serve as the basis for reaching an overall assessment of the viability of each credit institution individually ; • continuing the policy of conservative macro - prudential supervision aiming at accumulation and maintenance of capital buffers during the economic upturn. the objective is upholding the stability of the banking system, including by preventing or reducing the systemic risks involved in the activities of credit institutions and identifying and limiting the emergence of macroeconomic factors that would threaten the stability of the banking system. 2 / 2 bis central bankers'speeches

nina stoyanova : the history of bulgaria ’ s money welcome address by ms nina stoyanova, deputy governor ( banking department ) of the bulgarian national bank, at the opening of “ the history of money on the bulgarian lands ” exhibition, jointly organised by burgas municipality and the bulgarian national bank, burgas, 10 june 2016. * * * mayor nickolov, dear citizens and guests of burgas, it is a great honour for me to welcome you at the opening of this exhibition entitled ‘ the history of money on the bulgarian lands ’. co - organisers of the exhibition are burgas municipality and the bulgarian national bank. this exhibition comprises coins and coin - like items minted and circulated on today ’ s bulgarian lands from antiquity to the present day, and the major part of these comes from the bnb ’ s museum collection. before we go back in time, i would like to mention that the bulgarian national bank ( bnb ) is one of the oldest public institutions in bulgaria. it was founded immediately after the reestablishment of the bulgarian state, on 25 january 1879, and on 6 june of that same year the first banking transaction was carried out with the bnb ’ s involvement. our central bank is also one of the oldest central banks in the world – the 13th oldest one by date of foundation. today the bnb still is the independent issuing authority of bulgaria. it performs its main objective, as it is written down in the law – to keep the national currency stable – and also the functions relating to its exclusive right to release banknotes and coins into circulation and to maintain the currency circulation in bulgaria. one year after the bnb was founded, the law on the right of minting coins in the principality was adopted, whereby the national monetary unit was created and named ‘ lev ’ and the coins were named ‘ stotinki ’. in 1881 the first bulgarian coins – copper coins in denominations of 2, 5 and 10 stotinki – were minted in england, and in 1882 silver 1 and 2 leva coins were minted in russia. soon the bulgarian lev became widely accepted, facilitating trade payments and fostering the country ’ s economic development. at the same time the new national currency began to play the role of a ‘ national unifier ’, a symbol of the independence and sovereignty of the new bulgaria. for many years the production of bulgarian coins used to be assigned to specialised mints in europe – birmingham