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International reserves in June grow by 2%, to $18 billion, - NBU
17:05, 5 July 2017
International reserves in June grow by 2%, to $18 billion, - NBU

As of July 1 international reserves of Ukraine cover 3,7 months of future import

17:05, 5 July 2017

Open source

International reserves of Ukraine’s National Bank grew by 2% and amounted to 17,9 billion dollars compared to May. This was reported by the NBU press service.

During six months of this year, they grew by 16%, including during June – by 2%.

“Favorable situation on foreign markets allowed the National Bank to continue buying currency to replenish international reserves without creating obstacles for strengthening Ukrainian currency. During last month interventions, NBU bought 301,6 million dollars (of which $ 101 million - for interventions in the form of a request for a better rate). At the same time, the currency sold by intervention was amounts to 1,4 million dollars. No auction for selling currency was conducted in June; currency was sold by intervention at a single rate to support the functioning of the inter-bank foreign exchange market, temporarily disorganized due to the recent cyber-attacks,” the NBA said.

Related: International reserves of Ukraine grew by 13.57% in April, — National Bank

This way, the net currency purchase by the NBU last month amounted to $ 300,2 million.

At the same time, funds from reserves were used to make government payments for servicing and repaying public debt in foreign currency in the amount of $ 5.8 million.

As of July 1 international reserves of Ukraine cover 3,7 months of future import.

As it was reported earlier Ukraine’s external debt grew by 0,11% in I quarter 2017, - NBU. As of early April, the gross foreign debt of the country was 113,643 billion dollars.

Related: All IMF money used for forex reserves of Ukraine, - Poroshenko

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