KIEV, April 7 – The National Bank of Ukraine has decided to cancel its resolution No. 109, permitting banks to gradually include reserves in foreign currency in their general open currency position, reads a posting on the NBU's Web site.

"The gradual inclusion of reserves formed for the compensation of possible losses under active bank transactions in foreign currency into the calculation of the general (long and short) open currency position of banks [is permitted]. Reserves will be included in the position in equal parts [growing by 5% every month] within 20 months," reads the report.

According to the NBU, the bringing of methods for calculating the open currency position into line with international standards is stipulated in NBU resolution No. 182 of March 31, which cancels NBU resolution No. 109 of February 28, 2009 and approves new methods to be used by banks.