National Bank's (NBU) Foreign Reserves Reach USD13.2 Bn

In May-April, the NBU?s gold and foreign reserves increased by 11% to USD13.2 bn. Since the beginning of the year, the NBU?s foreign reserves grew by USD3.7 bn or 40%. Concorde Capital: This is the highest ever historical level in reserves for the bank. A large foreign currency supply on the Interbank market allowed NBU to quickly replenish its foreign reserves to pre-crisis levels. During last year?s political turmoil in Oct-Dec 2004, the NBU?s reserves fell by USD2.7 bn or 22%. According to NBU?s plans, foreign reserves will grow to USD14 bn in 2005.