: :inin Kyiv (EET)

Ukraine`s foreign reserves rise by $15 mln since year-start

Ukraine`s international reserves increased by 0.1%, to $15.460 billion, in February, the National Bank of Ukraine wrote on its website.

”International reserves of Ukraine as of March 1, 2017, amounted to $15,459,700, (in the dollar equivalent), according to preliminary data. Since the beginning of this year, the volume of international reserves remained almost unchanged (it increased by $15 million.) due to the fact that in February, the NBU was able to offset the January foreign currency expenditures to smooth excessive hryvnia exchange rate fluctuations,” a statement reads.

According to the NBU, according to the figures of the previous month, the volume of international reserves covers 3.3 months of future imports and is sufficient to meet the obligations and implement current operations of the Cabinet and the National Bank.

Earlier, Ukraine`s international reserves in January fell by 0.6%, and as of February 1, 2017, they amounted to $15.445 billion. The NBU expects growth of international reserves at the end of 2017 to $21.3 billion, and in 2018 – up to $27.1 billion.


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