KIEV, Aug. 21 – The weakening of the hryvnia in August is linked to an increase in payments on foreign liabilities, the National Bank of Ukraine said in a posting on its official website.

"Considerable payments [in August] under import contracts and credit agreements were effected both by the private and state sectors of economy… The invigoration of the said payments creates an additional demand for foreign currency. Its deficit on the interbank forex market has been covered by forex interventions by the NBU and forex fluctuations," reads the posting.