Ukraine’s international reserves shrink to $24 bln amid currency interventions

Deputy NBU Governor Oleg Churiy said this at a briefing on March 20, according to an Ukrinform correspondent.

"Net innervations on foreign currency sale have reached less than USD 1.5 billion since the beginning of the year, but I want to emphasize that the National Bank bought about USD 8 billion last year, and today we have enough reserves to continue to smooth out fluctuations. Reserves are currently at the level of over USD 24 billion. The reserves are in the highest quality securities," Churiy said.

He stressed that the National Bank will continue to maintain its presence in the interbank market to conduct foreign currency interventions to smooth out exchange rate fluctuations. In addition, Churiy noted that the problem with USD cash in banks would be solved soon.

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