KIEV, Nov. 14 - The National Bank of Ukraine intends to include the Chinese yuan among its forex reserves, the newspaper Kommersant Ukrayiny reported, quoting a source at the NBU.

"We will only hold around $2.5 billion in yuan so far [around 7% of reserves as of the start of November] but it will definitely be there," the source said.

According to the source, representatives of the NBU have reached an agreement with the People's Bank of China for holding swaps in national currencies. The Chinese authorities are ready to implement swaps for total trade between the two countries but the NBU has agreed to yuan-based transfers for only one third of payments.