REUTERS
The increase was due to the placement of eurobonds and central bank's forex purchases on the interbank market.
Ukraine's international reserves as of July 1, 2019, amounted to US$20.64 billion, which was 6.4% higher than at the beginning of June, according to the National Bank of Ukraine (NBU).
The reserves expanded in June mainly due to the placement by the Ukrainian government of eurobonds whose proceeds amounted to EUR 1 billion, as well as due to the purchase of foreign currency by the Central Bank on the interbank market.
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In addition, the NBU says, the indicator also improved at the expense of proceeds from the placement of government domestic loan bonds, which amounted to US$325.8 million and EUR 148 million over the period under review.
What is more, the NBU in June 2019 replenished international reserves through interventions on the interbank foreign exchange market to the tune of US$322.3 million. In particular, the regulator bought US$183 million by intervening at the best rate and US$ 139.3 million at a flat rate. However, the National Bank did not sell foreign currency in June.
The NBU also noted the positive dynamics of the country's international reserves in June were also due to an increase in the value of financial instruments (change in market value, the hryvnia forex rate to foreign currencies) in the amount of US$254.6 million.
"As of July 1, 2019, the international reserves covered 3.4 months of future imports, which is sufficient to fulfill the obligations of Ukraine and the current operations of the government and the NBU," the statement said.
As UNIAN reported, Ukraine's international reserves at the beginning of June 2019 amounted to US$19.4 billion, which was 5.5% lower than a month before.
In 2018, the reserves expanded by 10.6%, to US$20.820 billion, having updated a five-year maximum.