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Banks reduce gold imports by quarter to USD 11.3 million in January

Золоті злитки. Фото: depositphotos
Золоті злитки. Фото: depositphotos

Banks reduced gold imports by 26% to USD 11.3 million in equivalent in January.

This is according to data from the National Bank, Ukrainian News Agency reports.

In the reporting month, gold was imported for USD 11,292,000 in equivalent, while in December - for USD 15,252,000 in equivalent.

In addition, during the reporting period, banks imported USD 515.5 million in cash, compared to USD 972.9 million a month earlier.

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At the same time, the import of cash euros in January amounted to USD 280.8 million in equivalent, compared to USD 395.1 million a month earlier.

In total, cash currency was imported in January for USD 808.236 million in equivalent, compared to USD 1,386.305 million a month earlier.

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

Such a scenario is still hypothetical, but is determined by a number of geopolitical and economic factors.

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