Ukraine loses 20 percent of reserves in central bank interventions
Ukraine's international reserves dropped 20 percent this year. Central bank spending on currency interventions now accounts for the largest share of expenditures.
Topic cluster
declining
1 source grouped by AFBytes in Monetary System
AFBytes briefing
The decline affects Ukraine's ability to stabilize its currency and import essential goods, which can raise costs for energy and food inside the country and increase pressure on foreign aid budgets that U.S. taxpayers help fund.
What to watch next
- The next Ukrainian central bank reserve report will show whether intervention volumes are moderating or accelerating.