Ukraine's currency reserves fall 23pc to $12.6bn in October: central bank

KIEV: Ukraine's central bank said on Friday foreign currency reserves had fallen by almost a quarter month-on-month to $12.6 billion in October after the bank helped state energy firm Naftogaz service its multi-billion dollar debt.

"The dynamics (of the fall) were influenced by the need to support Naftogaz (with) almost $2 billion ... and also by making payments for natural gas supplies from European suppliers," the bank said in a statement.

On Monday the bank also said it had sold $1.3 billion in the past month and a half to support the faltering hryvnia currency.