Ukraine c.bank reserves down 7.7% in Oct

11:48, 22 October 2008
Ukraine
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President Viktor Yushchenko`s press service quoted him as saying

The Ukrainian central bank`s foreign exchange reserves were reduced by 7.7 percent in October to $34.6 billion, President Viktor Yushchenko`s press service quoted him as saying on Wednesday, according to Reuters.

The central bank, which this year abandoned a three-year policy of keeping the hryvnia in a tight corridor, has been intervening in recent weeks to ease downward pressure on the currency. On Wednesday, it offered to sell dollars at 5.25 hryvnias.

The president`s press service also said Yushchenko told a meeting of domestic economic journalists that total foreign debt payments in the fourth quarter amounted to $8.8 billion.

Reuters

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