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Ukraine's forex reserves declined by 11.5% in the nine months.
Ukraine's forex reserves have shrunk by 11.5%, or US$2.170 billion, since the beginning of the year, the National Bank of Ukraine (NBU) has said.
In September alone, Ukraine's forex reserves declined by 3.4%, or US$594 million, to US$16.638 billion as of October 1.
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The NBU says the country's international reserves in September shrank as a result of government payments worth US$711.2 million to service and repay foreign debt. Meanwhile, revenue from the placement of debt securities was US$48.6 million in September.
In addition, the Central Bank bought US$52.9 million more than it sold on the interbank forex market in September.
Also, the reserves were affected by an increase in the value of financial instruments in the amount of US$13.5 million. According to NBU estimates, the reserves as of October 1 can cover 2.8 months' worth of imports.
UNIAN memo. In 2017, Ukraine's international reserves grew by 21%, to US$18.808 billion.