KYIV, Nov 7 – Ukraine's forex reserves expanded by $98 million or 4% in October 2017, and as of November 1, 2017 reached $18.73 billion, the National Bank of Ukraine (NBU) posted the preliminary data on Tuesday on its website.
Since early 2017, forex reserves have grown by 21%.
The central bank said that receiving of $185.3 million by the government contributed to the inflow of reserves, including $170.3 million from placing government domestic loan bonds pegged to the foreign currency. Some $100 million was received from swap transactions with an authorized bank on the market. However, $147.2 million were sent for currency interventions from the forex reserves.