Int'l reserves exceed US$28 bln – NBU

REUTERS

16:55, 22.12.2020

1 min. 952

Ukraine's international reserves stood at US$26.1 million as of December 1, 2020.

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Chairman of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn has said Ukraine's international reserves grew to over US$28 billion.

"In general, the NBU's international reserves have grown to over US$28 billion, which is the highest value since August 2020," he wrote on Facebook.

Read alsoZelensky says Ukraine expects new IMF disbursement early in 2021According to Danylyshyn, the successful completion of the first revision of the IMF's Stand-By Arrangement, which began this week via video conference, will form additional support for the NBU's international reserves.

Background

Ukraine's international reserves stood at US$26.1 million as of December 1, 2020.

Memo

Net international reserves are the difference between gross reserves and the balance of the NBU and the Ministry of Finance on loans to the International Monetary Fund.

NBU internationalreserves Danylyshyn

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