Ukraine's foreign reserves grow to $18.6 bln

Since the beginning of 2017, the reserves have expanded by 20%, the NBU said.

The regulator says the assets growth in September was due to the receipt of $1.318 billion from the placement of domestic bonds denominated in foreign currency.

At the same time, $165.6 million was spent on foreign exchange intervention to smooth out excessive fluctuations in the interbank market.

In addition, $521.4 million went on government payments for servicing and repaying state and publicly guaranteed debt.

Read alsoNBU explains hryvnia's September dropIt is also reported that the volume of reserves covers 3.7 months of future imports and is sufficient to fulfill the obligations of Ukraine and the current operations of the government and the National Bank.

Read alsoNet foreign reserves of NBU up to $5.4 blnAs UNIAN reported earlier, Ukraine's international reserves as of September 1, 2017, amounted to $18.035 billion in the equivalent, which was 1.3%, or $240 million, up on August 1.

The NBU reviewed its forecast for the country's international reserves, projecting $20 billion by the end of 2017 and $27.1 billion by the end of 2018.