REUTERS
Since the beginning of the year, Ukraine’s international reserves have increased by 75%, or $5.615 billion, according to a posting on the website of the National Bank of Ukraine.
According to preliminary data, the international reserves amounted to the equivalent of $13.148 billion as of December 1, 2015, the NBU reported.
It is noted that since the beginning of the year, the reserves have increased by 75%, or $5.615 billion. In particular, it rose by $186 million in November alone.
“Among other things, the increase in reserves was due to swap operations with foreign banks totaling $650.5 million. Another $ 9.5 million came from the forex auctions aimed at replenishing the reserves," reads the statement.
"There was growth of reserves, despite the need for the Government to repay and service public and publicly guaranteed debt in foreign currency. $129 million has been allocated for these purposes (except for payments to the IMF), including $34.9 million in payments for servicing bonds of foreign government loans and government securities. Also, $55.5 million was allocated for the payments by the government and the National Bank to the International Monetary Fund," the national regulator reports.
Read alsoRuble not falling fast enough to save Putin's rainy-day fund: BloombergIn addition, in November, the National Bank intervened to smooth out fluctuations in the interbank foreign exchange market. Within a month, it sold $143.1 million. Of these, $130.4 million at the auctions, and $12.7 million in targeted interventions.
The report notes that the volume of Ukraine’s international reserves today is sufficient to fulfill obligations and current operations of the Government and the National Bank of Ukraine.