REUTERS
Since year-start, foreign reserves have decreased by 11%.
Ukraine’s international reserves in October rose by $99 million, or 0.6%, to $16.737 billion as of November 1, According to the National Bank of Ukraine.
Since the beginning of the year, reserves have decreased by $2.071 billion, or 11%.
According to the regulator, the NBU interventions in the interbank foreign exchange market influenced the dynamics of reserves in October, during which the regulator bought $198.5 million more than it sold.
At the same time, as the NBU noted, the government’s debt payments in foreign currency over the past month in the amount of $853 million were almost completely offset by revenues from the placement of government bonds at $790.7 million.
Read alsoUkraine to repay about US$5.5 bln in debt obligations in 2019-2020
Also, the central bank reported that as of November 1, the volume of reserves covered 2.8 months of future imports, however, data at the beginning of November did not take into account the recent placement of government eurobonds.
"Thanks to the funds received from this placement, as of November 5, Ukraine’s international reserves increased to $18.069 billion, which corresponds to 3 months of future imports," the report said.
As UNIAN reported, the National Bank worsened the forecast for Ukraine's international reserves at the end of 2018 to $19.2 billion from a previous target of $20.7 billion.
In 2017, the international reserves grew by 21%, up to $18,808 billion.