KIEV, Aug. 10 – The currency reserves of the National Bank of Ukraine are now $27 billion, or more than the volume of a four-five months of import, which makes the necessity of a further currency reserve increase rather disputable, First Deputy Prime Minister and Finance Minister Mykola Azarov believes.
"The currency reserves should not be increased limitlessly during the instability [of the US dollar]. Why make it bigger? What for? To finance the US papers via out taxpayers, while the [US's] state debt is over $9 trillion at the moment?" he said during a press conference in Kiev.
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