Ukraine's foreign reserves update six-year high

Ukraine's international reserves as of Sept 1 amounted to $22.015 billion, according to the National Bank of Ukraine.

They are up 0.8% against the previous month, reads the report published on the NBU website.

Positive dynamics are due to the compensation of foreign currency expenses for repayment of debt payments through the purchase of foreign currency by the National Bank in the interbank market.

Read alsoUkraine's NBU buys US$316 mln in Aug

It is noted that for a month the regulator has increased its reserves by buying foreign currency worth a total of $300 million.

At the same time payments toward servicing and repaying foreign currency debt amounted to $257.5 million.

Positive revaluation of financial instruments amounted to $132.9 million.

It is also reported that as of Sept 1, the volume of reserves covers 3.5 months of future imports.

According to the data released, the current volume of reserves is 5.7% higher than at year-start.

As UNIAN reported earlier, on Aug 1, international reserves amounted to $21.84 billion, which is 5.8% more than in early July.

On September 3, the Treasury paid off the largest debt payment of the year ($661 million on 2015 Eurobonds and $444 million of interest accrued on same-year bonds maturing in 2019-2023).

On the same day, Ukraine finally settled with the International Monetary Fund on the stand-by program of 2014, transferring funds in the equivalent of $156 million.