NBU does not make unsecured emissions - V. Litvitsky

The National Bank of Ukraine (NBU) does not hold unsecured issue. This was stated by leader of the group of advisers NBU Valery Litvitsky, the correspondent of RBC-Ukraine. B. Litvitsky recalled that issue - is the release into circulation of money. Emissions, in particular, made through the purchase of foreign currency through the work of the securities. He stressed that the issue has nothing to do with the inclusion of the printing press. " "Unsecured issue may not be from the National Bank because it is prohibited by law. If we have any printed money releasing into circulation, they are secured or buying currency or securities of the government, backed by the whole country," - said the head of advisory group head NBU. According to V. Litvitsky, net credit issue on the results of January of this year amounted to 1,8%. He also added that the correspondent account as of February 1, amounted to 20 billion USD, while money supply increased by 0.6%. Source: RBC-Ukraine