This is reported by the press service of the National Bank of Ukraine.
"As in the previous months, the increase in reserves in May was mainly due to the favorable situation for domestic exports on the world commodity markets, which allowed the National Bank to buy currency and simultaneously not to counter the tendency towards strengthening of the national currency. Thus, the National Bank purchased USD 521.2 million on the interbank forex market," the report says.
Thus, the amount of Ukraine's international reserves as of June 1 covers 3.7 months of future imports and is sufficient to meet Ukraine's obligations and handle current Cabinet and NBU operations.
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