Tuesday, July 7, 2015

International reserves dynamics in June 2015

According to the revised data, as of July 1, 2015, Ukraine's international reserves totaled USD 10,264 million in the equivalent.  In June 2015, the international reserves increased by more than USD 346 million.

The positive balance of the interventions made by the National Bank of Ukraine in the interbank forex market, USD 140.0 million in proceeds raised by the Government from the placement of government bonds, and USD 419.2 million in gains derived from the conversion of Renminbi to US dollars contributed to the increase in international reserves.  

Ukraine’s international reserves expanded despite the need to make hefty payments related to the repayment and servicing of public and publicly guaranteed debt denominated in foreign exchange in the amount USD 275.6 million, including interest payments on external sovereign bonds and interest and principal payments on government securities (USD 274.3 million) and  debt payments due to the IMF (USD 175.7 million).


Currently, the amount of international reserves held by Ukraine is sufficient to enable the Government and the National Bank of Ukraine to settle their foreign debt obligations and current operations.  



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