Foreign exchange reserves for the year increased by 21%

Золотовалютные резервы за год выросли на 21%

Ukraine’s foreign exchange reserves increased by 21%

The main source of growth – IMF tranches.

International reserves of Ukraine on January 1, 2018 amounted to 18.8 billion U.S. dollars (equivalent). During the year they grew by 21%, according to the website of the NBU.

It is noted that the reserves increased mainly due to the receipt of funding from the International monetary Fund at around $ 1 billion, and the purchase by the National Bank of 1.3 billion dollars at carrying out of currency interventions.

Reportedly, the level of international reserves of Ukraine at the end of 2017 exceeded the forecast of the National Bank (18.6 billion U.S. dollars equivalent), despite a slight decrease in December by 0.5%.

In addition, to support the hryvnia national Bank in December sold on the interbank currency market 232,5 million dollars.

At the same time, the national Bank last month also bought on the interbank currency market of 50 million dollars. Thus, the volume of net sale of foreign currency in December amounted to 182,5 million dollars.

As of 1 January 2018 the volume of international reserves cover at 3.6 months of future imports is sufficient to meet the obligations and current operations of the government and the National Bank.

Earlier it was reported that Ukraine’s foreign exchange reserves rose by $98 million.

We will remind, Ukraine’s international reserves as of October 1 to $18.6 billion.