Net foreign reserves down to $15.8 bln

REUTERS

Net international reserves of the National Bank of Ukraine in September 2020 decreased by 11.3% to $15.8 billion.

That's according to the National Bank's press service.

Since year-start, net reserves have increased by 0.1%, the report notes.

UNIAN memo

Read alsoUkraine's international reserves shrink by 8.7% in SeptUkraine's international reserves in September fell by 8.7%, to $26.5 billion, due to the period of peak debt payments on external liabilities.

In 2019, foreign reserves grew by 22% and stood at $25.3 billion as of January 1, 2020, reaching a seven-year high.

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