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Ukrainian international reserves increased by 21% in 2017

Their sum makes 18.8 million dollars
18:59, 5 January 2018

112 Agency

Preliminary, the international reserves of Ukraine increased by 21% in 2017 and makes 18.8 million dollars in the equivalent as at January 1, 2018, as the National Bank of Ukraine (NBU) reported.

Such indexes are explained by the inpayment of the financing from the International Monetary Fund (IMF) in the sum of about 1 billion dollars and purchase of 1.3 billion dollars during the currency intervention by the NBU at the background of the favorable situation.

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'The level of the international reserves of Ukraine surpassed the prediction of the NBU for the end of 2017, despite the insignificant decrease by 0.5% in December', the message said.

The NBU explained that the change of the level the international reserves in December was grounded by the inpayments in the favor of the government in the sum of 588.8 million dollars and inpayments for the external debt such as:

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-423.6 million dollars were sent to the service and redemption of national debt in the foreign currency, while 403.1 of them were paid for the service and redemption of the inner-state debt;

-161. 8 million dollars in the equivalent were sent to the IMF.

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Moreover, the NBU sent 232.5 million dollars at the international currency market, including 85 millions in the equivalent to flatten the excessive exchange rate fluctuations caused by the temporary grounds at the interventions in the form of the request towards the better exchange.

At the same time, the bank bought 50 million dollars at the interventions in the form of the request towards the better exchange.

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'The volume of the net sale of the currency made 182.5 million dollars'.

The NBU notes that the volume of the international reserves covers 3.6 months of the future import and it is enough to fulfill the commitments and current operations of the government and the NBU.

 

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