Ukraine’s international reserves grew by almost $1 bln in November

"Ukraine’s international reserves in November grew by 5.8% or $ 974.5 million and amounted to $17,711.5 million (in equivalent) as of December 1, 2018, according to preliminary data. Ukraine’s international reserves grew due to both the attraction of funds by the government and the purchase of currency by the National Bank in the interbank market,” reads the statement.

The government received $2,000.0 million from the Eurobond placement and $82.9 million from the sale of government domestic loan bonds.

Also, reserved were replenished by $232.8 million due to the net purchase of foreign currency by the National Bank in the interbank foreign exchange market in November.

In addition, the change in the international reserves volume was due to an increase in the value of financial instruments (change in the market value and in the exchange rate of the hryvnia against foreign currencies) in the amount of $50.4 million (in equivalent). As of December 1, 2018, the volume of international reserves covered 3.0 months of future imports and were enough for Ukraine to meet its obligations and for the government and the NBU to conduct their current transactions.

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