Ukrainian international reserves fall 8% in Jan-Sept
KYIV. Oct 5 (Interfax) - Ukrainian international reserves fell 8%, or by $2.24 billion, in January-September 2012 to $29.25 billion, including a drop of 2.5%, or $746 million, in September.
The National Bank of Ukraine reported that reserves in foreign currency fell 3.1% in September to $27.27 billion, while the value of gold in reserves climbed 6% to $1.98 billion.
The hryvnia fell around 1% on the interbank and cash markets in early September. The National Bank said the fall was not justified and was able to restore the situation by adopting sanctions against various banks. In the second half of the month the National Bank was able to restore foreign currency buying on the market and acquire over $300 million.
The official exchange rate on October 5 stood at UAH7.993/$1.