National Bank of Ukraine interventions fall to $1.5 bln in Feb

MOSCOW. March 1 (Interfax) - Foreign currency sales by the National Bank of Ukraine fell to $1.541 billion in February from $2.549 billion in January, Ukrainian media reported, quoting a statement on the NBU website.

Purchases increased slightly, to $32 million from $16 million a month earlier.

As a result, the National Bank's net interventions fell to $1.509 billion in February from $2.533 billion in January and $3.553 billion in December.

Ukraine's international reserves fell 4.9% or by $1.98 billion in January to $38.525 billion as external support decreased from $5 billion in December $0.4 billion in January.

External support came to $0.8 billion in February so the reserves are likely to have fallen again for that month, but not as much.

The NBU has lowered its forecast for international reserves at the end of 2024 to $40.4 billion from $44.7 billion.