NBU: The monetary base in April 2011 rose to 230 billion USD

The monetary base in April 2011 increased by 6 billion 035.1 million UAH to 229 000 000 000 552 200 000 UAH. Reported by the press office of the National Bank. Domestic credit fell to 36 billion 117.6 million UAH. Net foreign assets amounted to 247 000 000 000 536 400 000 UAH. Recall, according to the data to NBU, the monetary base in March 2011 increased by 6 billion 079.4 million UAH to 223 000 000 000 517 100 000 UAH. Domestic credit has increased to 36 billion 137.1 million UAH. Net foreign assets amounted to 233 000 000 000 630 200 000 UAH. Note the monetary base in February 2011 decreased by 4 billion 324.6 million USD, up 217 000 000 000 437 700 000 UAH. Domestic credit fell to 24 billion 799 million UAH. Net foreign assets amounted to 236 000 000 000 070 700 000 UAH. In January 2011, the monetary base decreased by 3 billion 929.7 million USD, up 221 000 000 000 762 100 000 UAH. Domestic credit fell to 37 billion 034.5 million UAH. Net foreign assets amounted to 224 000 000 000 434 200 000 UAH. The volume of monetary base in December 2010 increased by 4,6% (from the beginning of 2010 an increase of 15,8%) - up to 225.7 billion USD. In addition, the volume of required reserves, formed by banks in December amounted to 12.4 billion UAH. The volume of refinancing operations in December 2010 was 409.4 million UAH (in general for 2010 - 5,2 billion UAH). Note the "Principles of Monetary Policy for 2011" adopted by the National Bank says that in Ukraine the amount of monetary base in 2011 will grow by 14-18% compared to the beginning of the year. According to forecast the conditions of the economy of Ukraine, estimates of the monetary program for 2011 are made on the basis of indicators of demand for money, the respective price targets, the dynamics of GDP, balance of payments. In this case, the NBU predicts slowing the velocity of money by 5%, while the value of money multiplier at end of year - 2,8. Milestones for conducting monetary policy will act as the monetary performance criteria and indicative targets under the program "Stand-By" (supported by the International Monetary Fund), which will be installed at its regular screenings. On materials of RBC-Ukraine