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Economy 2019-02-15T05:18:10+02:00
Ukrainian news
NBU International Reserves Up 13.6% To USD 17.2 Billion

NBU International Reserves Up 13.6% To USD 17.2 Billion

The National Bank of Ukraine's international reserves have increased by 13.6% to USD 17.175 billion.

The press service of the National Bank of Ukraine announced this in a statement, Ukrainian News Agency reports.

Compared to March, the bank's international reserves increased by USD 2.052 billion or 13.57% mainly due to proceeds from the International Monetary Fund and Ukraine's other donors.

The dynamics of the National Bank of Ukraine's reserves in April were determined by the following: receipt of USD 996.2 million from the International Monetary Fund; receipt of EUR 579.1 million from the European Commission; purchase of USD 402.3 million during the National Bank of Ukraine's interventions on the interbank currency market; payment of the equivalent of USD 68.1 million by the government to service and repay state and state-guaranteed debt in foreign-currency, including USD 6.5 million to service domestic government bonds.

As of May 1, Ukraine's international reserves were sufficient to cover 3.6 months of future imports.

The National Bank of Ukraine's international reserves have increased by 11% from USD 15.5 billion to USD 17.2 billion since the beginning of the year.

As Ukrainian News Agency earlier reported, the National Bank of Ukraine's international reserves increased by USD 2.2 billion or 17% to USD 15.539 billion in 2016.

The National Bank of Ukraine expects its reserves to increase to USD 20.8 billion by the end of this year.

Больше новостей о: IMF NBU European Commission international reserves donors

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