Reserves of Ukraine increased by one third.

Резервы Украины выросли на треть – НБУ

The Bank reported a 16% increase of reserves

In June, the international reserves of Ukraine grew by two percent.

According to preliminary data, Ukraine’s international reserves as of July 1, 2017 amounted to 17 billion 970 million dollars (equivalent). As reported on the website of the National Bank of Ukraine (NBU) on Wednesday, July 5, in the first half, the reserves increased by 16%, and by the end of June – 2%.

“The favorable situation on foreign markets allowed the National Bank to continue to buy foreign currency to replenish international reserves, without creating interference to the strengthening of the hryvnia” – said the NBU.

It is reported that last month the national Bank purchased 301,6 million dollars. At the same time, the volume sold for a currency intervention amounted to 1.4 million dollars. The volume of currency purchasing by the national Bank last month amounted to 300.2 million.

At the same time, funds from the reserves was used for payment of the Cabinet for servicing and repayment of the state debt of Ukraine in foreign currency in the amount of 5.8 million dollars.

“As of July 1, the volume of international reserves of Ukraine covers the 3.7 months of future imports is sufficient to meet the obligations and current operations of the government and the National Bank”, – summed up in the NBU.

Recall that in 2016 the international reserves of Ukraine grew by 17% to 15,539 billion dollars.