Foreign exchange reserves increased by 0.4% to $ 13.490 billion in February 2016.
According to the specified data of the NBU, foreign exchange reserves in February increased by 0.4% or $ 48 million – from $ 13.442 billion to $ 13.490 billion.
Foreign currency reserves, according to updated figures, decreased in February from $12.400 billion to $12.395 billion, reserve position in the IMF remained unchanged at $0.03 million, special drawing rights decreased from $ 62.630.000 to $8.590.000 the amount of gold in reserves increased from $0.979 billion to $1.085 billion.
The increase in the reserves in February facilitated placement of government bonds denominated in dollars. This provided a receipt in favor of the government’s $431.3 million.
The growth of reserves occurred in spite of the need to implement in February currency auctions to smooth excessive fluctuations of the hryvnia. In February, the NBU bought on the interbank market $22.2 million and sold $181.0 million, that is, net sales of foreign currency regulator was $158.8 million.
The National Bank has also returned the funds on swap transactions for $150.1 million (net) in February.
In addition, in February of funds from the reserve have been used to repay and service public and publicly guaranteed debt in foreign currency (for these purposes has been directed $63.2 million). Including the $19.2 million was directed to the repayment and servicing of government securities, and $54.2 million – on payments to the IMF.
As of the end of February, the volume of the NBU reserves cover 3.4 months of imports and is sufficient to meet current obligations of the government and the National Bank.
As reported, in January, foreign exchange reserves increased by 1%, or $142 million to $13.442 billion.
During 2015 reserves increased by 77%, or $5.767 billion – up to $13.300 billion.
