Ukraine's Reserves Plunge 20% In One Month, Drop Below $10 Billion To Lowest In A Decade

Following the revelation that Ukraine's sovereign gold has mysteriously been Corzined, following a stunning admission by central bank governor Valeriya Gontareva on primetime TV that "in the vaults of the central bank there is almost no gold left.

The central bank reported overnight, the country's foreign-currency (and gold reserves) dropped by over 21% in one month, to under $10 billion in November for the first time in nearly a decade due to large payments for debt and gas, from $12.6 billion to $9.966 billion.

As the WSJ comments, the bank’s announcement makes clear that the country is running out of the cash it needs to prop up the currency and pay back its debts, suggesting it needs more assistance from the West to avoid a default .... http://www.zerohedge.com