Banks in October reduced gold imports 2.4 times to USD 3.9 million and increased euro imports 2.2 times to USD 555 million in equivalent

Banks in October reduced gold imports 2.4 times to USD 3.9 million and increased euro imports 2.2 times to USD 555 million in equivalent.

This is evidenced by data from the National Bank, Ukrainian News Agency reports.

In the reporting month, gold was imported for USD 3,908,000 in equivalent, while in September this figure was USD 9,370,000 in equivalent.

In addition, during the reporting period, banks imported USD 565.9 million in cash against USD 632.4 million a month earlier, while the import of cash euros in October amounted to USD 554.520 million in equivalent against USD 256.937 million a month earlier.

In total, in October, cash currency worth USD 1,127.209 million was imported in equivalent against USD 899.642 million a month earlier.

As Ukrainian News Agency earlier reported, the National Bank is considering the possibility of changing the base currency for currency policy orientation - from the US dollar to the euro.

Such a scenario is still hypothetical, but is due to a number of geopolitical and economic factors.