Oct. 10 (Bloomberg) -- Ukraine’s central bank spent $1.9 billion last month to support the hryvnia as demand for foreign currency exceeded supply, the bank said.
The Natsionalnyi Bank Ukrainy said it helped NAK Naftogaz Ukrainy, Ukraine’s state-run energy company, pay for natural gas imports in September, according to a statement published today on the regulator’s website. Naftogaz paid $867 million last month for gas deliveries, the company said last week.
Ukraine’s international reserves fell last month to the lowest level since December to $34.95 billion from $38.2 billion a month earlier, central bank said on Oct. 7. It was the biggest one-month drop in Ukraine’s foreign reserves since October 2008.
--With assistance from Daryna Krasnolutska in Kiev. Editors: Alan Crosby, Balazs Penz
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