Ukraine c.bank reserves down 7.7% in Oct

The central bank, which this year abandoned a three-year policy of keeping the hryvnia in a tight corridor, has been intervening in recent weeks to ease downward pressure on the currency. On Wednesday, it offered to sell dollars at 5.25 hryvnias.

The president`s press service also said Yushchenko told a meeting of domestic economic journalists that total foreign debt payments in the fourth quarter amounted to $8.8 billion.