Central bank's net int'l reserves shrink to US$17.6 bln in Feb

Photo from UNIAN

Net international reserves of the National Bank of Ukraine (NBU) in February 2021 shrank by 1%, to US$17.6 billion.

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

Read alsoNBU elaborates on Ukrainians' bank deposits in FebNet reserves decreased by 2.7% since the beginning of the year, the report said.

Foreign reserves: Background

• Ukraine's international reserves dropped by 1%, to US$28.543 billion (in the equivalent) as of March 1, 2021.
• In 2020, the country's international reserves increased by 15%, amounting to U$29.1 billion (in the equivalent) as of January 1, 2021.

Memo

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