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Ukraine's international reserves down by $600m

The state spent a lot on debt repayment in February.

Ukraine's international reserves down by $600m
Photo: Serhiy Nuzhnenko

Ukraine's international reserves decreased by almost $600m in February down to an equivalent of $20.22bn on 1 March, the press service of the National Bank of Ukraine has said.

In February, Ukraine spent almost $1,285,400,000 to service and pay off the state and state-guaranteed debt. These expenditures were partly compensated by the money received from the placement of government domestic loan bonds in foreign currency worth $302.7m.

The NBU replenished the reserves by $326.5m by buying foreign currency from the interbank market. In January and February, foreign currency offer exceeded demand thanks to the stable inflow of exporters' foreign currency receipts, the sale of foreign currency by the population and the purchase of government securities by non-residents.

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