National Bank's reserves are 35 billion dollars - Arbuzov

Sergey Arbuzov Chapter of the National Bank of Ukraine Sergey Arbuzov said that to date currency reserves amount to 35 billion dollars, of which net - 20 billion dollars He said this in an interview with "The Mirror of the week. Ukraine ". Replying to a question regarding the mandatory sale of foreign exchange earnings, Arbuzov said: "We offered to cancel, but to give the National Bank the right to a sharp deterioration in the balance of payments enter temporarily for up to three months, up to a wholly mandatory sale. But while this is not necessary, we have to date reserves - 35 billion dollars, of which net - 20 billion dollars. " "From extended in times of crisis 100 billion dollars today in the system are refinancing loans of 70 bln. Also we are engaged in issues of writing off bad debt, which has been formed. Already deducted from bank balance sheets around 10 bln. At the same time discussing the issue of taxation. I was the Minister of Finance on this issue. He clarified: taxes are paid when the mortgage is sold. The actual taxation occurs because our decision does not entitle the banks not to deal with debt repayment, including the implementation of the pledge, after it is debited from the reserves, "- said Arbuzov.