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.
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.