Ukraine's international reserves increase by 13.57% in April - NBU

Ukraine's international reserves increase by 13.57% in April - NBU

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Ukrinform
As of May 1, 2017, Ukraine's international reserves amounted to $17.175 million, according to preliminary data. Compared to March, they increased by $2.052 million or 13.57% mainly due to receipts from the International Monetary Fund and other donors of Ukraine.

This was reported by the press service of the National Bank of Ukraine.

"The dynamics of the reserves in April was determined by the receipt of funds from the IMF under the Extended Funding Program (EFF) in the amount of $996.2 million, the receipt of funds from the European Commission in the amount of 579.1 million euros, intervention under which the NBU on the interbank currency market of Ukraine bought $402.3 million, including $201.0 million under interventions in the form of a request for a better rate," the report said.

In addition, the dynamics of the reserves in April was determined by the government's payments for servicing and repayment of state and state-guaranteed debt in foreign currency in the amount of $68.1 million, including $6.5 million for servicing on bonds of internal government loan.

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