Reserves of Ukraine rose for the first time in six months.

Резервы Украины выросли впервые за полгода - НБУ

In November, Ukraine’s reserves will grow by more than a billion dollars

In October, the reserves grew by 0.6%. The Lord’s prayer was not included replenishment of reserves at the expense of Eurobonds, which took place in November.

In October the international reserves of Ukraine grew by 0.6% and amounted to $16,737 billion About it is spoken in the message on the website of the National Bank, published on Monday, November 5th.

It is noted that the volume of international reserves was influenced by several factors.

First, the intervention of the NBU. “Due to the absence of devaluation pressure on the hryvnia and the presence of excess supply of foreign currency, including due to the receipt of currency earnings from export crops, the national Bank was even able to replenish their international reserves due to net purchases of foreign currency on the interbank currency market”, – stated in the message.

So, in October, the net purchase of foreign currency, the NBU amounted to 198.5 million dollars. For the month, the Central Bank bought – 268,5 mln. (including 126,0 million dollars. for the best prices and 142,4 USD. at a uniform rate) and sold 70,0 mln. (for single rate).

The second factor in the growth of reserves were operations of the government. “On the one hand, payments for servicing and repayment of public and publicly guaranteed debt in foreign currency in October was 853,0 million dollars. USA (equivalent). Of them 777,8 million USD. The United States accounted for the cost of maintenance and repayment of bonds internal state loan (government bonds). Thus, these costs were almost entirely offset with revenue from the placement of government bonds, which accounted for 790,7 million dollars. USA (equivalent)”, – reported on the NBU website.

Traim factor was the revaluation of the change in market value of the hryvnia to foreign currencies). Last month their cost has decreased by $ 36.8 million.

As of 1 November, the volume of international reserves cover of 2.8 months of future imports is sufficient to meet the obligations and current operations of the government and the National Bank.

 

In NBU note that the data at the beginning of November did not take into account the recent placement of Eurobonds. With the funds from this placement, as of November 5, Ukraine’s international reserves rose to 18 069 million. USA, which corresponds to 3.0 months of future imports.

It is worth noting that Ukraine’s international reserves rose for the first time in six months. Last time, the NBU reported an increase in reserves for foam April, since then the reserves have declined.

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