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NBU's Gold & FX Currency Reserves Up 4.4% In October.

NBU's Gold & FX Currency Reserves Up 4.4% In October.

4 November 2008

Reserves were listed at USD 14.88 bln as of October 31. 2005. Since the start of the year, the National Bank’s gold and FX currency reserves have expanded by 56.3%. Concorde Capital: If the National Bank buys out the USD 4.8 bln which the government received from Kryvorizhstal’s sale, its reserves will reach ~USD 20 bln as early as mid November, accounting for 23% of the estimated GDP this year.

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