International reserves of Ukraine fell to $ 15.5 billion in October

Source : 112 Ukraine

Provisions decreased by $ 75 million
18:52, 7 November 2016

International reserves of Ukraine on November 1, 2016 decreased to 15 billion 514 million USD, according to preliminary data. It is reported by the National Bank press service.

It should be noted that reserves, compared with the previous month decreased by $ 75 million.

"In connection with the need to make payments on the public debt in the past month, they have not changed. They have increased by 20% in the past 12 months", reads the report says.

It is noted that in October the funds came into the international reserves from the two sources.

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"In the first place, the National Bank holds auctions in the interbank foreign exchange market. Due to the excess supply of foreign currency on the interbank market National Bank has spent during the month 10 auctions for the purchase of foreign currency. Not a single auction for the sale of foreign currency has been held. As a result, the total purchases of foreign currencies by the National Bank in October was $ 274.5 million", reads the statement.

Funds are also received from the government placing government bonds denominated in euros. Proceeds from this source in the reserves amounted to 141.3 million euros (US $ 154.4 million).

"At the same time, the increase in reserves was offset by the cost of funds for the implementation of government payments for servicing and repayment of public and publicly guaranteed debt in foreign currency. For this purpose from the reserves was sent to US $ 365.8 million. $ 310.1 million from them went to the repayment and service of state securities", summed up in the department.

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