Reduction in NBU gold and forex reserves to intensify talks with IMF| Ukrinform

Reduction in NBU gold and forex reserves to intensify talks with IMF| Ukrinform:

"Ukraine stands every chance of getting money from the International Monetary Fund (IMF) in March 2014, if in October-November it intensifies talks with the IMF to launch a new Stand-By Arrangement. A decline of the international reserves of the National Bank of Ukraine will push the country to speed up negotiations.
Executive Director of the International Bleyzer Foundation Oleh Ustenko said this at a press conference in Kyiv on Tuesday.
"The reduction in gold and foreign currency reserves of the National Bank of Ukraine is a clear impetus to try to negotiate with the IMF more vigorously. If we had not seen the reduction of foreign exchange reserves, the Ukrainian side would feel much more comfortable," Ustenko emphasized."

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