Ukraine's net foreign reserves fall by 9.5% in March

NBU / Photo from UNIAN

Net international reserves of the National Bank of Ukraine over March 2020 decreased by 9.5% to $16 billion.

That's according to a report released on the NBU website.

Since year-start, net reserves increased by 1.6%, the report reads.

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UNIAN memo. Ukraine's international reserves as of April 1, 2020, amounted to $24.9 billion, rolling back to the level of this year's start.

Net international reserves represent the difference between gross reserves and the outstanding balance of the NBU and the Ministry of Finance on loans of the International Monetary Fund.