KYIV, May 7 – Ukraine's foreign exchange reserves in April tentatively grew by 3.1% or $800 million, to $25.69 billion, the National Bank of Ukraine (NBU) said on its website on Thursday.
"Transactions of the National Bank to manage reserves and transactions on the FX market first of all contributed to the increase in FX reserves," the central bank said.
The central bank said that its operations in the interbank FX market influenced the dynamics of FX reserves during the month – in April, business demand for currency fell significantly after the hype in March and the regulator bought $723.3 million in FX reserves, while it sold only $44.5 million.
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