In April 2020, the volume of state reserves of Ukraine grew by 800 million U.S. dollars. That's 3.1 percent more than last month's figure, National Bank says in a statement.
As of May 1, Ukraine's international currency reserves make 25.7 billion U.S. dollars.
The National Bank (NBU) explained that there are three factors for such growth: the drop in currency demand by businesses on the interbanking market, government operations to pay the state debts in currency, as well as re-evaluation of financial tools.
"The current volume of international reserves covers 4.5 months of future import, which is enough to lie up to Ukraine's commitments and current operations of the government and the National Bank", the message says.
Preiously, the National Bank released the economic forecast for this year, which claims that the fall of GDP in 2020 will equal five percent, with a peak in the second quarter. By the end of the year, the gold currency stocks are supposed to amount to 28 billion US dollars.
