Ms Vira Rychakivska, Deputy Governor of the National Bank of Ukraine, has said that the National Bank of Ukraine has sold over UAH 100 million worth of bullion coins.
“The National Bank of Ukraine has sold 45,789 pieces of bullion coins worth UAH 105.78 million since the launch of bullion coins. In the first 10 months of 2013, 28,049 pieces of bullion coins were sold for a total of UAH 53.21 million," emphasized Ms Vira Rychakivska. She has added that as before silver bullion coins of 1 hryvnia face value (1oz) and gold bullion coins of 2 hryvnia face value (1/10 oz), which are offered at affordable prices, enjoy a very strong demand from Ukrainian retail investors.
Ms Vira Rychakivska has reminded that bullion coins are sold through the regional branches of the National Bank of Ukraine and the authorized banks. "Bullion coins are sold at the prices set by the National Bank of Ukraine through the authorized banks with a wide network of branches: JSC "State Savings Bank of Ukraine", JSB “Ukrgasbank”, PJSC "The State Export-Import Bank of Ukraine", PJSC "BANK FORUM", PJSC "VAB Bank", JSC "IMEXBANK"," she added.
The National Bank of Ukraine has struck 92,600 bullion coins, including 41,100 pieces of gold coins and 51,500 pieces of silver coins.
In the first 10 months of 2013, the National Bank of Ukraine has sold 19,913 bullion coins to individuals, which is 3.24 times more than in 2012. Over the same period, the authorized banks have sold 4,431 bullion coins (since the launch of sales –11,878 pieces).
“A specific feature of bullion coins is that they have an unlimited (non-fixed) mintage that can be increased over the course of the year to meet the soaring demand from investors," said Deputy Governor of the National Bank of Ukraine Vira Rychakivska, adding that in this case the coin issue year changes, with the bullion coin design remaining unchanged. She noted that according to the preliminary production schedule the National Bank of Ukraine plans to produce 30 thousand bullions coins in 2014. However, the growing public demand for bullion coins gives the grounds to increase mintage levels.