Ukraine's reserves more than double in 2005

The gross foreign reserves of the National Bank of Ukraine (NBU) grew 2.04 times in 2005 - from $9.5249 billion to $19.39476 billion.

The NBU reported on its website on Tuesday 10 January that the bank's foreign reserves shrank 0.4% in December 2005, whereas in November foreign reserves grew 30.78%, or by $4.58295 billion.

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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