The cumulative foreign government debt of stood at USD 8.98 billion at end-January, down USD 90.3 million from the previous month. The net fall in debt was mainly due to principal payments and a rise in the dollar against European currencies in January, which slashed the price of the part of the debt, denominated in these currencies. Foreign debt denominated in currencies other than the dollar accounted for 38% of total debt at end-January. The government paid USD 156.7 million to foreign creditors in January, of which USD 20.1 million were principal payments. Debt on Bulgarian Brady bonds accounted for 55% of total government debt to foreign creditors at end-January, followed by debt to the IMF with 12.2%