History of the Ukrainian gold and foreign exchange reserves from 1993 to 2015
History of the Ukrainian gold and currency reserve from 1993 to 2015.
Gold and foreign exchange reserves (Ukrainian - Golden Reserves of Ukraine) * or International reserves - reserves of Ukraine, are reflected in the balance sheet of the National Bank of Ukraine, including assets, recognized by the international community as international and intended for international settlements.
One of the main functions of the National Bank of Ukraine is to ensure the accumulation and storage of gold and foreign exchange reserves and to carry out transactions with them and bank metals.
The National Bank provides management of the state's gold and currency reserves by making currency interventions by buying and selling currency valuables in foreign exchange markets in order to influence the exchange rate of the national currency relative to foreign currencies and to the general demand and supply of money in Ukraine.
What about the gold and currency reserves of Ukraine?
International reserves of Ukraine in January 2014 decreased by 14.8% - to $ 6.42 billion.
"Their (reserves) dynamics in January 2015 is largely due to the implementation of payments by the government and the NBU to repay and service the state and publicly guaranteed debt in foreign currency ($ 624.4 million equivalent), including the International Monetary Fund," reads in the message.
Gold and foreign exchange reserves (international reserves or official reserves) are highly liquid assets that are under the control of state monetary authorities.
They consist of funds in foreign currency, special drawing rights, reserve positions in the IMF and monetary gold.
Level of international reserves
- PRC 3887.7 (September 2014)
- Japan 1288 (February 2014)
- Eurozone 771.8 (January 2014)
- Saudi Arabia 727.1 (January 2014)
- Switzerland 532.4 (January 2014)
- The Republic of China (Taiwan) 421.47 (November 2014)
- Russia 374.7 (February 7, 2015)
- Brazil 373,993 (January 21, 2015)
- Republic of Korea 363,593 (December 2014)
- Hong Kong (PRC) 327,930 (December 2014)
- India 320,649 (December 2014)
- Germany 194 (November 2014)