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Thursday, 20 November 2008
2301


Ukraine’s Central bank to switch to euro

May19200819:27

Ukraine’s Central bank decided to increase the share of euro and reduce the share of dollar in its gold and currency reserves, the bank’s deputy governor Oleksandr Savchenko told journalists May 19, The Ukrayinska Pravda reports.

Accordingly, the bank’s operations on the interbank currency market focused on purchasing euro and stopping its dollar interventions.

The share of euro has already topped the share of dollars in the bank’s gold and currency reserves, the official said.

In April, the bank’s reserves grew by 0.3% or by $109.28 milliion, reaching $33,338 million as of April 30.

In April, the bank’s balance of interventions on the interbank currency market was positive, standing at $617.7 million.

In 2007, the Central bank’s gold and currency reserves went up by 45.9% or up by $10,205.72 million from $22,256.4 million.

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