Ukraine’s international reserves grow up to $17.6 bln in 2017 – NBU

Ukraine’s international reserves grow up to $17.6 bln in 2017 – NBU

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Ukrinform
As of June 1, 2017, the international reserves of Ukraine amounted to USD 17.618 million (in equivalent), according to preliminary data. Over the five months of this year, the reserves grew by 14%, including by 3% in May.

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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