Gold and currency reserves NBU have exceeded $ 13 billion
Gold and currency reserves NBU have exceeded $ 13 billion, said at a press conference the Head of the National Bank of Ukraine of Valeriya Gontareva.
“Right now, our international reserves exceed $ 13 billion,” – she said.
The increase in reserves, according to the V. Gontareva, helped by factors such as the stability of the currency market and an influx of currency.
The Head of the NBU recalled that since September 17, the regulator conducts daily auctions for the purchase of foreign currency, which has already purchased nearly $ 80 million.
In addition, the increase in reserves contributed to the implementation of the swap transactions with the Central Bank of Sweden for $ 500 million, and from the World Bank $ 500 million in the framework of the second program loan for development policies of the financial sector.
V. Gontareva stressed that September 22 in Kiev working mission of the International Monetary Fund for the second review of the program increased funding EFF.
As a result of the revision of Ukraine expects to receive in mid-November, the third tranche of the EFF, which will increase reserves to $ 15 billion. This level of reserves is equivalent to cover imports for three months.
The National Bank of Ukraine also hopes to receive another international assistance and retains the ability to increase reserves to $ 18 billion before the end of 2015.
In addition, according to the Head of the NBU, the surplus of the consolidated budget of Ukraine for 8 months of 2015 amounted to 28.3 billion USD. V. Gontareva stressed that budget expenditures in 2015 will grow more slowly than revenues, which generates a surplus of both state and local budgets.
“As a result, the surplus of the consolidated budget and the balance on the single treasury account (TSA) reached record levels: in the first eight months of this surplus amounted to 28.3 billion USD, and funds for CEN today reached 35 billion UAH”, – said the Head of the NBU.
She added that a balanced fiscal policy helped to reduce inflationary expectations and macroeconomic stabilization.
As reported in August, the NBU’s international reserves increased by 21.6% or $ 2.24 billion – to $ 12.62 billion, which corresponds to the end of October 2014.
