Ukraine: Gold Reserves Gain in Importance

Politics ♦ Published: December 28, 2012; 21:01 ♦ (Vindobona)

The share of monetary gold in Ukraine’s international reserves has almost doubled.

Ukraine: Gold Reserves Gain in Importance / Picture: © Vindobona.org

National Bank of Ukraine in order to avoid the negative impact of the global crisis on the economic development of the country is continuously works on diversifying the components of international reserves in Ukraine.

The total sum of international reserves is at the level of $25.3 billion. Foreign currency assets remain the major component of the international reserves. Their…