You're reading: President gives the green light to precious metal production by central bank

Kyiv, March 3 (Interfax-Ukraine) – Ukrainian President Viktor Yanukovych has signed law No. 4395-VI, regulating the National Bank of Ukraine's activity in the prospecting for, mining, producing and using precious metals to replenish the gold and currency reserves, according to a posting on the presidential Web site.

As reported, the law foresees, among other things, that the deputies of the central bank’s governor and other members of the board can simultaneously hold managing positions in enterprises or organizations if they manage state-owned shares.