KIEV, Oct. 22 – Claims by some politicians that the National Bank of Ukraine and government made an unsecured monetary emission are completely untrue, said Valeriy Lytvytsky, the head of the group of advisors to the NBU governor.
"A major emission by the central bank is designed for the purchase of foreign currency and securities, and this is a secured emission," he told Interfax-Ukraine.
Lytvytsky said that the net loan issue as of the beginning of 2010 has amounted to about UAH 36 billion, which is almost three times less than the numbers cited by some politicians.
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