autumn of the National Bank of Ukraine will replenish its gold reserves of the International Monetary Fund in an amount equivalent to about 2 billion U.S. dollars (more than 1 billion special drawing rights).
As stated in the commentary UNIAN, the Acting Minister of Finance of Ukraine Igor Umansky, the opportunity to appear at the NBU since 28 August as a result of action by the Board of Directors of the IMF on the allocation of special drawing rights (SDRs) to replenish foreign exchange reserves of IMF members in total, equivalent to 640 million
Soon (August 28) the distribution is expected to be worth $ 250 billion, before it was decided on the allocation of 390 billion, thus the National Bank will receive their gold reserves of more than 1 billion special drawing rights, which would be equivalent to about 2 billion dollars. Ðацбанку fact, automatically be transferred those funds in special drawing rights. However, to convert them into currency, and will take some time - once the IMF has developed a special tool for this. I think that the Fund will take some time, since the last time such an operation carried out in the Foundation of the Nineties -- Umansky said.
He noted that the National Bank, in approving the arrangement, at any time be able to exchange the SDR at the exchange, which he will need. And, Uman said, the percentage of those funds, which are given unlimited use, would be quite small. This open-ended resource. We use this resource and pay only a small percentage. If we do not need it, we can turn back and close the mode of payment for the resource, - said Umansky.
As UNIAN reported, the Board of Governors of the International Monetary Fund has approved August 7, the total allocation of special drawing rights (SDRs) by an amount equivalent to U.S. $ 250 billion to provide liquidity in the global economic system through replenishment of foreign exchange reserves of the Fund.
Distribution is scheduled for August 28.
*** SDR - Special Drawing Right, of Eng. Special Drawing Rights.
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