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Nation    

Government to stop dipping into NBU balances under new IMF rules
Journal Staff Report

KIEV, Sept. 3 – Following rules set by the International Monetary Fund's first Stand-By arrangement review, Ukraine will stop using advance payments by the National Bank of Ukraine to the national budget and will save only banks assets or deposits of which amount to 2% of total assets and deposits of the banking system via recapitalization using state funds.

According to the memorandum of economic and financial policy of Ukrainian authorities in 2014 will achieve the allocation of adequate state funds for the purpose in the 2015 budget.




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