USD 1 bln Eurobond Issue Pushes Foreign Currency Reserves To New Heights
6 December 2008
According to the National Bank, Ukraine’s foreign currency reserves grew by almost 8.9% mom in November to a new historical high of USD 21.2 bln. November’s massive leap was mainly due to the government’s USD 1 bln Eurobond placement. In October, the National Bank’s foreign currency reserves grew by USD 310 mln October to USD 19.5 bln, an increase of 1.6% yoy, up 0.3% ytd.
