NBU's international reserves down by 2.5% in September

12:31, 05.10.2012 1 min read

The international reserves of Ukraine dropped by $746 million, or by 2.5%, to $29.255 billion in September, the National Bank of Ukraine (NBU) reported on Friday.

According to the central bank, its forex reserves fell by 3.1%, or by $846 billion, to $27.268 billion over the month, while the value of the gold in its reserves again grew by 6%, or $118 million, to $1.978 billion.

As reported, in early September the hryvnia rate on the forex and cash markets destabilized and dropped by around 1%. The NBU said that such a decrease was groundless and managed to bring the situation back to normal via punishing a number of banks. The central bank said that in the second half of September it managed to resume buying currency on the market and bought more than $300 million.

In general, the international reserves of Ukraine have fallen by 8%, or by $2.24 billion, since the beginning of the year.