History of the Ukrainian gold and foreign exchange reserve from 1993 to 2015
History of the Ukrainian gold and foreign exchange reserve from 1993 to 2015.
Gold and foreign currency reserves (Ukrainian - Gold and foreign currency 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 world 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 operations with them and bank metals.
The National Bank provides management of the state’s foreign exchange reserves by conducting foreign exchange interventions by buying and selling foreign exchange assets in the foreign exchange markets with the aim of influencing the exchange rate of the national currency against foreign currencies and the general demand and supply of money in Ukraine.
What about the gold and currency reserves of Ukraine?
Ukraine's international reserves in January 2014 decreased by 14.8% to $ 6.42 billion.
“Their (reserves) dynamics in January 2015 is largely due to payments by the government and the NBU to pay off and service the state and state guaranteed debt in foreign currency ($ 624.4 million in equivalent), including the International Monetary Fund,” it says in the message.
Gold and foreign exchange reserves (international reserves or official reserves) - highly liquid assets controlled by state monetary authorities.
They consist of funds in foreign currency, special drawing rights, reserve positions in the IMF and monetary gold.
International Reserves Level
- 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)
- 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)