The international reserves of Ukraine on Nov. 1, 2016 amounted to $15.514 billion, decreasing in October by 0.5 percent, or $75 million, according to the National Bank of Ukraine (NBU).
“In connection with the need to make payments on the public debt for the past month, they have not changed. In the past 12 months they have increased by 20 percent,” the central bank said in its press release.
In October, due to the excess supply of foreign currency in the interbank market, the bank conducted ten auctions for forex purchases and bought $274.5 million.
The second source of reserves replenishment was placement of government domestic loan bonds worth 141.3 million euro ($154.4 million in equivalent).
At the same time, the increase in reserves was offset by the government’s payments for servicing and repaying the public and publicly guaranteed debt in foreign currency, the National Bank said. According to its data, for this purpose $365.8 million was used from the reserves, including $310.1 million for repayment and servicing of government securities.
