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Ukraine's foreign currency reserves fall by 46 million USD
21:13, 6 February 2018
Ukraine's foreign currency reserves fall by 46 million USD

The sum currently makes 18.4 billion dollars; in December 2017, it was almost 19 million

21:13, 6 February 2018

112 Agency

Ukraine's foreign currency reserves have decreased to 18.4 billion U.S. dollars; in December 2017, it was almost 19 million. The National Bank of Ukraine, the NBU, reported that on Tuesday evening.

There are two major reasons for this, the Bank explains. The first one is government-conducted payments of state debts in foreign currency (up to USD 565 million). The second reason is currency interventions perfiormed by the government, which aimed to calm down the extreme currency fluctuation.

Related: National Bank warns of labor immigration increase in coming years

The Bank also admitted it overestimated the financial tools, which also affected the volume of reserves. 

The NBU explained that the current volume of international reserves is enough for the Bank to fulfill its commitments. 

Related: National Bank expects state debt below 70% of GDP in 2018

Related: Ukraine’s imports of Russian goods increases by 40% in 2017 – National Bank

Related: Ukraine’s GDP rises by 2.1% in 2017 – National Bank

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