UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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International reserves of National Bank of Ukraine shrank to USD 31.8b

International reserves reduced by 1.9% in December 2011, to US31.8 billion dollars (equivalent). Apart from NBU interventions, the specified value was effected by payments on external liabilities by Ukrainian Gov’t, placement of sovereign bonds denominated in USD, and development of a negative exchange difference.

In December 2011, foreign currency receipts from non-residents exceeded currency transfers to them by USD 2.7 billion, which conduced a decrease in an average daily demand on foreign currency by 20% from November 2011 and the formation of a positive balance in NBU interventions – USD169.6M.

In December, a UAH/USD market exchange rate in non-cash transactions decreased by 0.15%, to 8.0281/1, and in cash USD sales – down 0.16%, to 8.0660/1.

The official UAH/USD exchange rate was almost stable in December (7.9898/1).

Source: National Bank of Ukraine

 
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