“On December 7, the National Bank transferred the last eighth tranche of profit in the amount of UAH 4.4 (44,378, 828, 945.50) billion to the state budget,” reads a report.
As Ukrinform reported, the previous seven tranches of NBU profit totaling UAH 40 billion were transferred on April 21, May 1, June 8, July 7, August 7, October 6 and November 7, 2017, respectively.
The schedule of tranches of profit to the state budget was agreed with the Finance Ministry of Ukraine. These tranches are intended to smooth the impact of changes in government funds on fluctuations in liquidity of the banking system and achieve inflation targets by the NBU.
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