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Economy 2019-03-15T05:02:24+02:00
Ukrainian news
NBU's International Reserves Up 0.5% To USD 18.7 Billion In October

NBU's International Reserves Up 0.5% To USD 18.7 Billion In October

The international monetary reserves of the National Bank of Ukraine grew by 0.5% (USD 98 million) to USD 18,735.8 million in October.

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

According to the report, the reserves growth in October was facilitated by budget earnings worth USD 185.3 million, including USD 170.3 million from placement of the domestic government loan bonds (DGLB) in foreign currency, and earnings worth USD 100 million from swap operations at interbank exchange.

The NBU said it paid USD 147.2 million from international reserves to exert monetary interventions in order to smooth fluctuations at interbank exchange that were due to temporarily factors.

During October, the NBU sold at interbank exchange USD 181.2 million, including USD 41 million in interventions to ensure stable exchange rate.

At the same time, the Regulator bought in October USD 34 million as a result of the intervention policy.

In addition, the NBU paid USD 30.9 million from reserves for the government debt in foreign currency, of them USD 3.3 million - to pay interests on the DGLB issued in foreign currency.

As at November 1, the volume of international reserves covers for 3.7 months of future imports and suffices to meet the current financial obligations of Ukraine and the current transactions of the government and the Central bank.

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

The National Bank expected the reserves to increase by the end of 2017 to USD 20.8 billion.

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