The National Bank of Ukraine (NBU) plans to add the Chinese yuan to its forex reserves, Kyiv Post reports, citing newspaper Kommersant Ukrainy. The central bank has also signed an agreement with the People's Bank of China for holding swaps in national currencies.

NBU intends to keep approximately $2.5 billion in yuan, which is nearly 7 percent of its reserves as at the beginning of November. At present, about 45 percent of the bank's reserves are held in U.S. dollars, 34 percent in euro and 4.6 percent in monetary gold.

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