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National Bank gold and currency reserves increased by 4.1% in April
19:37, 6 May 2016
National Bank gold and currency reserves increased by 4.1% in April

As of May, 1 Ukraine's international reserves amounted to 13.241 billion.USD

19:37, 6 May 2016

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According to preliminary reports, Ukrainian international reserves after reduction in March have increased by 4.1% or 519.5 million USD to 13.241 billion USD during April, - reported the National Bank of Ukraine press service.

As noted in the National Bank, thus, the volume of gold and currency reserves almost got back to the level reached at the beginning of 2016. Over the past 12 months, the reserves increased by 37.5%.

National Bank of Ukraine reports GDP increase

The increase of the reserves in April appeared primarily due to the purchase of foreign currency by the National Bank to smooth excessive fluctuations in the interbank foreign exchange market and to replenish reserves. Net purchase of foreign currency by the National Bank during the month amounted to 675.8 million USD.

Related: National Bank of Switzerland has provided a loan of 200 million dollars to the NBU

Related: World Bank: Ukraine’s economy contracted by 10%, 1% increase expected in 2016

Related: Dollarization of Ukraine's banking system impeds the economy

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