KYIV, March 13 – A total of $26.6 billion of forex reserves of the National Bank of Ukraine (NBU) would not be enough to weather to the global financial crisis similar to the 2008 meltdown on its own, Head of the NBU Council Bohdan Danylyshyn has said.

"Out of $26.6 billion, only about $17.6 billion is pure gold reserves, which the NBU can manage on its own... The scenario analysis principle also shows that the volume of net gold reserves of $17.6 billion is not enough to cover the deficit in the presence of external shocks," he wrote on his Facebook page on Friday.