Ukraine's foreign reserves up $230 mln over past month

The current volume of reserves is by $387 million, or 2.1%, lower than that at year-start, according to the central bank's preliminary data as of May 1, 2018,

The regulator says the main source of replenishment of reserves in April, as before, was its foreign currency purchases in the interbank market.

Over the month, the National Bank of Ukraine bought $326.7 million and sold $24 million. Also in April, EUR 83.6 million replenished the reserves, coming from the government's placement of domestic bonds in foreign currency.

At the same time, in April, $127.4 million was allocated from the reserves for maintenance and repayment of Ukraine's state and state-guaranteed debt.

Read alsoUkraine's solvent banks see US$331 mln in profit in 1Q – NBURevaluation of financial instruments amounting to $59.2 million and other operations worth $11.3 million have also affected the reserves volume.

According to the NBU, the current volume covers 3.3 months of future imports and is sufficient to fulfill Ukraine's obligations and current operations by the government and National Bank.

Read alsoUkraine's public debt exceeds $77 bln since year-start

UNIAN memo. International reserves of Ukraine as of April 1, 2018, amounted to $18.191 billion, which is 3.3% lower than the volume recorded at year-start.

In 2017, Ukraine's international reserves increased by 21%, to $18.808 billion.

The National Bank improved the forecast for Ukraine's international reserves by year-end to $21.6 billion from an earlier $20.5 billion, expecting to see $2 billion receipts from the International Monetary Fund, as well as other receipts, including loans from the European Union and the World Bank.