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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