Ukraine’s international reserves increase by $18.1 billion in October

Source : 112 Ukraine

The volume of international reserves covers 2.8 months of future import
21:06, 5 November 2018

Open source

The International reserves of Ukraine have increased by 0.6 percent over the last month, which makes $18.1 billion, according to the website of the National Bank of Ukraine (NBU).

In October, the net purchase of currency by the National Bank amounted to $198.5 million. Over the month, the National Bank bought $268.5 million (including $126 million for choosing the best price and $142.4 million at a single rate) and sold $70 million (at a single rate).

Related: Ukraine's National Bank predicts decrease of labor migration to Poland in 2019

The National Bank of Ukraine noted that as of November 1, 2018, the volume of international reserves covers 2.8 months of future import and is sufficient to fulfill the obligations of Ukraine and the current operations of the Government and the National Bank.

As we reported earlier, the international reserves of Ukraine fell by 3.5 percent in September.

In early summer Yakiv Smolii, NBU Head, predicted that Ukraine can receive the fifth tranche from the IMF till autumn.

Related: Ukraine's National Bank reports deceleration of GDP growth in Q3 of 2018

Earlier, former Finance Minister of Ukraine Oleksandr Danylyuk stated that he did not doubt that IMF would send another tranche, stressing that “we have to do that in June.”

Moreover, the representatives of the National Bank stated that Ukraine might receive another tranche from the IMF in autumn.

Related: Russia's sanctions not to influence significantly Ukraine's macro-stability, - National Bank

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