During of the year foreign exchange reserves of Ukraine increased by 36.5%.
International reserves of Ukraine on June 1, 2016 amounted to $ 13.536 billion, which covers 3.4 months of imports
According to preliminary data of the National Bank of Ukraine, international reserves of Ukraine on June 1, 2016 amounted to $ 13.536 billion in the US equivalent. After reducing the volume of reserves in March their volume is growing for the second month in a row. In May, it increased by 2.2% or 295 million, exceeding the level of the beginning of 2016. Over the past 12 months, the reserves increased by 36.5%.
According to the NBU, the increase in reserves in May was primarily due to the purchase of foreign currency by the National Bank to smooth excessive fluctuations in the interbank foreign exchange market and to replenish reserves. Net purchases of foreign currencies by the National Bank during the month amounted to $ 332.7 million. Auction for the sale of National Bank currency during May did not hold.
Also contributed to the delivery capacity reserves in favor of the government in the amount of $ 271.1 million.
The increase in reserves was, despite the holding of foreign currency government repayment and maintenance of public and publicly guaranteed debt of $ 176.8 million. This includes $ 124.8 million were directed to services for government securities.
Also, the government and the National Bank in May, paid in favor of the IMF’s $ 52.3 million.
Over the last month the volume of international reserves Ukraine covers 3.4 months of imports and is sufficient to meet the obligations and ongoing operations of the government and the National Bank of Ukraine.
