Ukraine's international reserves in November rise to $17.7 bln

REUTERS Ukraine&#39;s international reserves in November rose by $975 million, or 5.8%, to $17.712 billion as of December 1, according to the National Bank of Ukraine. According to the regulator, the volume of reserves increased due to the attraction of funds by the government and the purchase of foreign currency in the interbank market. Thus, the government received $2 billion from the placement of eurobonds and $82.9 million from the sale of domestic government bonds. At the same time, payments on government debt were lower than receipts from the sale of government securities. The government redeemed short-term eurobonds for $725 million ahead of schedule. The government and the National Bank also paid $439.1 million to the International Monetary Fund. Other government debt payments amounted to $238.2 million. The net purchase of currency by the National Bank in the interbank foreign exchange market in November ensured replenishment of reserves by $232.8 million. Read alsoUkraine&#39;s international reserves in October rise to $16.7 bln In addition, an increase in the value of financial instruments worth $50.4 million influenced the amount of reserves. As of December 1, the volume of international reserves covers three months of future imports. As UNIAN reported, the National Bank worsened the forecast for Ukraine&#39;s international reserves at the end of 2018 to $19.2 billion from a previous target of $20.7 billion. In 2017, the international reserves grew by 21%, up to $18,808 billion.

Ukraine's international reserves in November rise to $17.7 bln

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