REUTERS
Ukraine's international reserves were estimated at US$17.97 billion as of July 1, 2017, which was 2% up from June 1, 2017, according to the website of the National Bank of Ukraine (NBU).
Ukraine's international reserves rose by 16% in the first half of 2017, according to NBU's preliminary data.
The favorable situation on foreign markets allowed the regulator to continue buying currency to replenish its reserves. Thus, the National Bank bought $301.6 million in June 2017, while sold $1.4 million to support the market after a recent cyberattack. As a result, the NBU's net foreign currency purchases amounted to $300.2 million.
Read alsoUkraine's solvent banks earn almost UAH 7 bln in 5 mthsAt the same time, funds of the international reserves were used in June for repayments and servicing of state and state-guaranteed debt denominated in foreign currency to the tune of $5.8 million.
As of July 1, 2017, the amount of Ukraine's international reserves was sufficient to cover 3.7 months of future imports and enable the government and the NBU to settle their foreign debt obligations and current operations.
As UNIAN reported earlier, Ukraine's international reserves stood at $17.618 billion as of June 1, 2017, which was 3% up from May 1, 2017.
According to the NBU forecasts, the international reserves will amount to $21.1 billion and $26.2 billion by the end of 2017 and 2018, respectively. At the same time, further cooperation with the International Monetary Fund and new disbursements from it remain the factors that may change the forecast.