OREANDA-NEWS. September 04, 2009. Over Jan-August 2009, CBA lost already 18.51%  or US1.135bn of its currency reserves. This is the cost which the Bank should pay for comparative stability of national currency.

The CB says that on 1st September 2009 its currency reserves reached US 5 bn versus US 4.787 bn by 1st August, US 5.08 bn by 1st July, \\$5.026 bn by 1st June, US 4.906 bn on 1st May, US 4.96 bn by 1st April, US 5.636 bn on 1st March, US 5.975 bn on 1st February and US 6.137 bn on 1st January 2009.

The last time CBA currency reserves were registered at the level less than US 5 bn on 1st June 2008 when they totaled US 4.323 bn.

On 1st July 2008 they totaled US 5.225 bn and on 1st August 2008 - US 5.223 bn.

In 2008, growth of reserves made US 2.12 bn or 52.8%. In 2008 the NB was ready to acquire up to US 4 bn from the market but as budget expenditures go weak and absorption at the financial market rose, the Bank’s plans were not realized.

In 2007, currency reserves rose by US 2.048 bn and reached US 4.015 bn by December 31, and the Bank earned US 150 million from their placement.

In 2006 due to interventions, the NB purchased US 1 bn at the market and this year it expected to buy at least US 1.5 bn. As a result of 2007, CBA  planned to bring its currency reserves up to US 3.5 bn.