Ukraine's foreign reserves in 2016 increase by 17%

In the past year alone, the country’s international reserves increased by $2.2 billion, or 17%, up to $15.539 billion, according to the National Bank of Ukraine.

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According to the NBU, in December foreign currency reserves rose by 1.8%.

The report says the growth of reserves in December was due to the issue of government bonds denominated in U.S. dollars, in the amount of $550.4 million, and the European Commission’s EUR 55.1 million macro-financial assistance.

Read alsoUkrtransgaz reports on gas volumes in Ukraine’s reserves as of beginning of 2017At the same time, funds from the reserves have been allocated for government payments for servicing and repayment of public debt in foreign currency.

As UNIAN reported earlier, the international reserves of Ukraine on December 1, 2016 amounted to $15.271 billion, which is 1.6% less than on November 1.

Read alsoUkraine economy in 2017: more growth, less inflationIn 2015, foreign exchange reserves of Ukraine increased by 77%, or by $5.767 billion, up to $13.3 billion dollars as of January 1, 2016.

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