National Bank of Ukraine intends to ramp up its gold-value reserves, NBU governor Serhiy Arbuzov said in his video address, published on the official website.

Speaking about NBU expectations from Euro-2012, the official said Ukraine would welcome many foreign guests, who would bring currency with them. "We will buy the currency and ramp up gold-value reserves," Arbuzov pointed out.

Commenting on the situation on the currency market, the NBU governor stressed that the situation in Greece affects the currency rate on interbank market. "Hryvnias rate not also depends on the National bank. It is also influenced by foreign markets. The market is alive and kicking. Take Greece for example," he said.
According to Arbuzov, the NBU does not see a necessity to interfere immediately. "But if needed we are ready to react, so these process do not affect the amount of reserves and the rate," he underlined.
The NBU governor also informed he discussed this situation with IMF mission. "We know what our colleagues in other countries are doing. We have a plan. If something goes wrong we are ready to implement the plan," he summed up.


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