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Ukraine’s international reserves hit a new record

Международные резервы Украины побили новый рекордAccording to the NBU, last year the country’s international reserves rose to $20.8 billion.

Ukraine’s international reserves in 2018 grew by 10.6% to $20.8 billion, reaching a five-year high, reports the press service of the National Bank.

The last time this level of reserves was recorded in October 2013, noted in the NBU.

To increase the international reserves managed by Ukraine of external financing and the purchase by the national Bank of excess currency on the interbank market, says the regulator.

According to the NBU, last year the purchase of foreign currency by the national Bank on the market exceeded the sale by $1.4 billion, and receipts from the IMF, the European Union and the world Bank amounted to $2.4 billion.

In addition, last year, Ukraine drew on internal and external markets of $6.1 billion, and the repayment of the national debt, spent $8.1 billion.

The growth of reserves was also influenced by the increase in the value of financial instruments $230 million, says NBU.

According to the national Bank, in December the international reserves of Ukraine grew by $3.1 billion (17.5%) and as of January 1, 2019, the reserves cover 3.5 months of future imports.

Международные резервы Украины побили новый рекорд

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