Ukraine has reached the level of 2013
Ukraine’s international reserves grew by 2018% in 10,6, to $20,8 billion, reports a PolitNavigator correspondent.
This was reported on the website of the National Bank of Ukraine.
“It was possible to increase international reserves primarily due to Ukraine’s receipt of external financing and the NBU’s purchase of excess currency on the interbank market,” the statement said.
The NBU notes that this level of reserves was last recorded before the start of the Maidan - in October 2013. According to the National Bank, in 2018, the net purchase of foreign currency on the interbank foreign exchange market ensured the replenishment of reserves by $1,4 billion. In turn, receipts from the IMF, the EU and the World Bank amounted to $2,4 billion. The government raised another $6,1 billion from external and domestic markets. At the same time, according to the NBU, payments on public debt amounted to $8,1 billion.
“As of January 1, 2019, the volume of the country’s international reserves covers 3,5 months of future imports and is sufficient to fulfill the obligations of Ukraine and the current operations of the government and the National Bank,” the NBU assures.
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