Recent Posts
- State Cybersecurity Policy: Ukraine and International Experience 29.03.2025
- Ukraine recovery should be based on development of territorial communities, innovations, involvement of professional domestic community – results of ESUR forum 29.06.2023
- Ukraine repatriates five more seriously wounded Russian POWs 10.04.2023
- Rada intends to include history of Ukraine, foreign language in final certification for general secondary education 10.04.2023
- Rada terminates protocol on joint anti-terrorist measures in CIS territories for Ukraine 10.04.2023
NBU Council head initiates decrease in total NBU reserves
KYIV. Aug 30 (Interfax-Ukraine) – Head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn has proposed that the volume of the general reserves of the NBU is cut to increase the amount of profit directed to the state budget of Ukraine.
"Establishing effective coordination between fiscal and monetary policies will include: … amendments to the law on the NBU regarding the volume of general reserves… In previous years… the procedures for the formation and use of equity reserves, which resulted in the release of funds amounting to UAH 2.1 billion in 2017 and UAH 5.2 billion in 2019. This increased the amount of profit that goes to the state budget," he wrote on Facebook.
Danylyshyn recalled that now the general reserves of the NBU are formed in the amount of 10% of the average annual volume of monetary liabilities of the National Bank.
