NBU reserves peaked in early 2014

At 1 September foreign exchange reserves of the National Bank amounted to $18,03 billion.

International reserves of Ukraine on September 1, according to preliminary data, amounted to $18,03 billion (equivalent). As noted by the national Bank of Ukraine (NBU) on the official website, the last time the reserves exceeded the mark in early 2014.

“Today, reserves are at a level 16% higher than at the beginning of the current year. In particular, at the end of August the reserves rose by $240 million, or 1.3%,” – said the NBU.

In August, the change in the volume of reserves influence the flow in favor of the government in the amount of $351,5 million from the placement of government bonds denominated in foreign currency.

The increase in reserves was also affected by foreign exchange intervention NBU on the interbank market, the results of which net purchase of foreign currency amounted to $234 million Due to the favorable foreign economic situation during the month, the NBU bought $285,3 million (including $62 million in the course of the intervention in the query form the best of course).

Thus on 31 August in connection with the excess of demand for currency over its offer and the related increased volatility in the currency market, the national Bank held one foreign exchange auction, which sold $44.3 million Another $7 million to the NBU, the Bank sold on interventions in the form of a request a better rate.

Payments of the government and the National Bank in favor of the International monetary Fund in August totaled $448,7 million

Payments by the government for servicing and repayment of public debt in foreign currency (excluding payments to the IMF) amounted to $50.1 million, of which $12.3 million for the purpose of servicing and repayment of government bonds denominated in foreign currency.

As of September 1 the volume of international reserves cover at 3.6 months of future imports is sufficient to meet the obligations and current operations of the government and the National Bank, assured the regulator.

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