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Tuesday, December 9, 2008

NBU Fx/gold reserves up 2.6% m/m to USD 32.743bn in November.


Source: IntelliNews - Ukraine Today




NBU Fx/gold reserves up 2.6% m/m to USD 32.743bn in November. In November, NBU Fx/gold reserves increased by 2.6% m/m to USD 32.743bn. The balance of NBU interventions on the interbank currency market was negative at USD 3.399bn. NBU Fx/gold reserves increased by 0.9% (USD 281mn) to USD 32.462bn, as of end- November. As we reported in October NBU Fx/gold reserves decreased by 15% m/m to USD 31,923.18mn. At the same time, contribution of the exchange rate component to the increase of Hryvnia REER amounted to 7.3%. NBU reports that domestic banks sold USD 3.367bn of foreign cash in November and bought USD 1.025bn of foreign cash. The average exchange rate of UAH/USD amounted to UAH 6.01 per USD 1 of purchase rate, and UAH 6.029 per USD 1 of selling rate within domestic banks, NBU informs. To remind, starting November 28 NBU officially shifted to floating exchange, although it actively changed the exchange rate during November.







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