Ukraine’s gold and foreign exchange reserves reach record level
On 1 September 2017, Ukraine’s international reserves were the equivalent of $18.035 billion.
The last time the reserves were higher than this was the start of 2014, the National Bank of Ukraine reported.
The reserves are currently 16% higher than they were at the start of 2017. At the end of August the reserves had grown by $240 million, or 1.3%.
In August, the following factors influenced the reserve amounts: the arrival of $351.5 million from the placement of domestic state bonds denominated in foreign currency; monetary interventions of the NBU in the interbank market, as a result of which the National Bank’s …read more