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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Ukraine’s currency reserves down almost 8%

Posted on 23 October 2008

From Istockanalyst.com: The currency reserves of the National Bank of Ukraine fell by 7.7% in October (by $2.9 billion), reaching $34.6 billion, Ukrainian President Viktor Yushchenko said.

The bank reserves will be enough to repay $8.8 billion worth of foreign debts of banks and companies in the fourth quarter of this year, but their replenishment using an IMF loan will have a psychological effect on the market, said the president….. Full Article: Source


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