Ukraine's foreign reserves rise to $21.9 billion

Since year-start, growth has amounted to $1.1 billion, or 5.3%.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

As of December 1, Ukraine's international reserves stood at $21.9 billion, which is $0.5 billion, or 2.5% more on month, the National Bank says.

The increase in reserves is primarily due to the ongoing favorable situation in the foreign exchange market, which allowed the regulator to buy $897.8 million.

At the same time, the government allocated $644.7 million for servicing and repaying public debt in foreign currency.

As a result of the revaluation, the value of financial instruments over the month decreased by $29.6 million.

Read alsoHryvnia updates four-year maximum at UAH 23.93 per U.S. dollar on Dec 5

It is also reported that the current volume of reserves covers 3.4 months of future imports.

Since year-start, growth has amounted to $1.1 billion, or 5.3%.

UNIAN memo. Ukraine's international reserves in 2018 grew by 10.6%, up to $20.820 billion, updating a five-year high.

In October, the National Bank improved its forecast for international reserves at the end of 2019 to $22.9 billion from $21.7 billion forecasted previously.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!