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Economy 2019-01-15T04:55:47+02:00
Ukrainian news
NBU's International Reserves Up 3.3% To USD 18.6 Billion In September

NBU's International Reserves Up 3.3% To USD 18.6 Billion In September

International reserves of the National Bank of Ukraine rose in September by 3.3% to USD 18.6 billion.

Press service of the central bank has said this in a statement, Ukrainian News Agency reports.

As at October 1, the international reserves were 20% higher than the level registered as at early 2017.

In particular, they have risen by USD 602 million or 3.3% since January 1.

The NBU states that the reserves rose thanks to attraction of USD 1.318 billion from placement of eurobonds by the Ukrainian Government.

According to the report, as at October 1, 2017, international reserves of Ukraine made USD 18.637 billion.

A total of USD 69 million was channeled into sale of foreign currency through interbank foreign currency market interventions and USD 521.4 million was channeled into the Government's payments reserves to service and redeem state and state-secured debt denominated in foreign currency.

The volume of international reserves as at October 1, 2017, covered 3.7 months of upcoming imports and is sufficient for implementation of Ukraine's obligations and current transactions of the Government and the NBU.

As Ukrainian News Agency earlier reported, in 2016, international reserves of the NBU rose by 17% to USD 15.5 billion.

The central bank expects international reserves to grow to USD 20.8 billion by the end of 2017.

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