NBU intends to include the Russian ruble in the foreign exchange reserves

The National Bank of Ukraine (NBU) intends to include the Russian ruble in the foreign exchange reserves, increasing the diversification of foreign exchange reserves of the country, said head NBU Vladimir Stelmach. "We can keep the reserves, including, in Russian rubles: the IMF (the International Monetary Fund - Ed) agreed," - he said. "Now the reserves we have will be credited, including , Russian rubles, "- added the head of the NBU. In this regard, Stelmach noted that at the interstate level, discussing the possibility of strengthening the role of national currencies in the trade and economic turnover." So far we have only horizontal communication is. But I think it will go in connection with this (decision) spread (formation policy of foreign exchange reserves), "- added the head of the NBU. As reported, the international reserves of the Ukraine in November decreased by 2.1% - to 33.539 billion dollars, and in October by 1,2% - to 34.252 billion dollars in January-November, international reserves have increased by 26,5% to 26.505 billion dollars. In the structure of international reserves by early December the share of foreign exchange reserves accounted for 96.4% of the total (32.322 billion dollars in U.S. dollars). The negative balance of interventions NBU in November was 382.8 million (in U.S. dollars): National Bank bought euros, Swiss francs and Australian dollars, while sold only in U.S. dollars. According to Goskomstat, for the first nine months of 2010 the volume of Ukrainian-Russian trade in goods and services amounted to almost 29 billion dollars, or 32.2% of the total size of the export-import operations in Ukraine. According to the NBU in the currency structure of the settlement of transactions of the current account balance of payments in the first half in 2010 the estimated share of Russian rubles increased slightly compared to January-June 2009: on income up 12,6% from 8,2% in payments from 4,5% to 6,4%. Calculations in U.S. dollars in January- June 2010 and continues to dominate: the income they made up 72.9% in payments - 68,5%. In the gross external debt of Ukraine on July 1, 2010 is also dominated by the dollar's share: the U.S. currency accounted for 73.1% of total debt , while the Russian ruble - only 1,6%. It was reported earlier that the CIS countries are discussing the possibilities of simplifying the use of national currencies in mutual settlements, in particular, discussed the possibility of exhibiting the mutual exchange quotations. Stelmach reassured that hryvnia has not dropped in January 2011 year, there is no reason to expect exchange rate of hryvnia to foreign currencies. This was stated by National Bank head Volodymyr Stelmakh. "There is no fear about it, we buy the currency," - said Stelmach. In addition, he noted that the confidence that the fluctuations in the foreign exchange market will not be added that inflation for the year will be less than 10%. "As a result, it (inflation) will be to single digits, so there is no reason (for the jump of the course)," - said Stelmach. Source: NEWSru. ua