KIEV, Dec. 24 – The National Bank of Ukraine does not plan to transfer part of its forex reserves containing assets provided by the International Monetary Fund for the purpose of financing Ukraine's state budget without a corresponding decision by the IMF Executive Board, said Valeriy Lytvysky, the head of the group of advisors to the NBU governor.

"The NBU is a law-abiding institution. If the IMF's Executive Board decides to take away part of the forex reserves, which were previously provided to back up our country's balance of payments, the National Bank will abide by the decision. However, in the absence of such a decision, the NBU has neither the authority nor the inclination to be deprived of part of reserves which could become necessary with due regard for the risks of 2010," he said on Thursday.