The international reserves of Ukraine dropped by $746 million, or by 2.5%, to $29.255 billion in September, the National Bank of Ukraine (NBU) reported on Friday, Oct. 5.
According to the central bank, its forex reserves fell by 3.1%, or by
$846 billion, to $27.268 billion over the month, while the value of the
gold in its reserves again grew by 6%, or $118 million, to $1.978
billion.
As reported, in early September the hryvnia rate on the forex and
cash markets destabilized and dropped by around 1%. The NBU said that
such a decrease was groundless and managed to bring the situation back
to normal via punishing a number of banks. The central bank said that in
the second half of September it managed to resume buying currency on
the market and bought more than $300 million.
In general, the international reserves of Ukraine have fallen by 8%, or by $2.24 billion, since the beginning of the year.
