The head of the National Bank of Ukraine said that “the country is the financial crisis” – Kommersant

The head of the National Bank of Ukraine said that "the country is the financial crisis" – Kommersant

                             
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The head of the National Bank of Ukraine (NBU) Valery Gontareva stated that “the country is a full-blown financial crisis”, reports 30 December TASS. Speaking at a press conference in Kiev, it also noted that “the level of foreign exchange reserves in 2009 reached a minimum at the beginning of December, amounting to 9.9 billion dollars.” In addition, she reported that the budget deficit in January-November amounted to about 54 billion hryvnia. According to her, the budget deficit was “practically financed by the National Bank through the purchase of government securities,” as the funds in the amount of $ 9 billion allocated by the IMF and other international lenders, have been spent on the external debt of the country.