UNIAN
In June 2015, Ukraine’s international reserves increased by more than $ 346 million, totaling $ 10,264 billion as of July 1, 2015, according to the revised data of the National Bank of Ukraine (NBU).
"The positive balance of the interventions by the National Bank of Ukraine in the interbank forex market, $ 140.0 million in proceeds raised by the Government from government bonds, and $ 419.2 million in gains derived from the conversion of Renminbi to US dollars contributed to the increase in international reserves," reads the NBU statement.
The National Bank noted that international reserves had expanded despite the need to carry out hefty payments related to the repayment and servicing of public and publicly guaranteed debt denominated in foreign currency in amount of $ 275.6 million, including $ 274.3 million in interest payments on external sovereign bonds and interest and principal payments on government securities. In addition, debt payments to the International Monetary Fund totaled $ 175.7 million in June.
"Currently, the amount of international reserves held by Ukraine is sufficient to enable the Government and the National Bank of Ukraine to settle their foreign debt obligations and current operations," the statement reads.
As UNIAN reported earlier, the NBU has improved its outlook for surplus of Ukraine's consolidated balance of payments in 2015 to $ 2.2 billion, against $ 2 billion projected earlier.