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worth $725mn in August.
In addition, in September the NBU sold $74.2mn in the interbank foreign exchange market to smooth out excessive fluctuations, including $34.1mn through interventions at the best price and $40.1mn through an auction.
Reserves were replenished by the funds from the placement of government domestic loan bonds for $48.6mn, buying $127.1mn in the interbank foreign exchange market through interventions to choose the best price, as well as revaluation of financial instruments in the amount of $13.5mn.
As reported, the National Bank of Ukraine in mid-July this year downgraded the forecast of international reserves at the end of 2018 to $20.7bn from $21.6bn.
36 UKRAINE Country Report November 2018 www.intellinews.com