NBU replenishes int'l reserves by US$98 mln in Jan

The National Bank of Ukraine (NBU) in January 2020 replenished the country's international reserves by US$98 million.

Over the period under review, the regulator bought US$348 million and sold US$$250 million, according to the NBU's website.

As UNIAN reported earlier, the central bank in 2019 bought US$7.9 billion on the interbank forex market to replenish the country's international reserves.

Ukraine's international reserves in 2019 grew by 22%, to US$25.3 billion as of January 1, 2020.

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In late January, the government placed eurobonds worth EUR 1.25 billion.

At the same time, US$656 million was spent on servicing and repaying the country's foreign currency state debt for the month.

The Central Bank replenished reserves through purchasing US$98 million in foreign currency on the interbank market. In addition, as a result of revaluation, the cost of financial instruments increased by US$170.6 million.

As of February 1, 2020, they amounted to $26.293 billion, which was 4% higher than a month earlier.

According to NBU estimates, the existing reserves cover 3.9 months of future imports.

UNIAN memo. Ukraine's international reserves in 2019 grew by 22%, to US$25.3 billion, having reached a seven-year high. At the end of January, the National Bank improved the forecast for Ukraine's international reserves at the end of 2020 to US$29.3 billion from the previously projected US$24 billion.