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International Reserves Amount to USD 16.6 billion in September 2018

5 October 2018

Press Release

 

Preliminary data suggest that as of 1 October 2018, Ukraine`s international reserves amounted to the equivalent of USD 16,637.6 million. The monthly decrease in reserves was almost 3.5%. The change in international reserves volume in September was due to:

 

      First, Government operations. Thus, in January, spending on servicing and repayment of public and publicly guaranteed debt in foreign currency amounted to USD 711.2 million in the equivalent. This amount includes USD 562.3 million for servicing debt on external government loan bonds and USD 103.2 million for servicing and repayment of domestic government bonds.

 

At the same time, in the previous month, proceeds from the placement of T-bills amounted to USD 48.6 million (in the equivalent).

 

      Second, NBU interventions; In September, the NBU sold USD 74.2 million in the interbank FX market to smooth out excessive fluctuations. It includes USD 34.1 million that was sold through interventions with the selection of the best price and USD 40.1 million through auction.

 

At the same time, last month, the NBU purchased USD 127.1 million in the interbank FX market through interventions with the selection of the best price.

 

      Third, an increase in the value of financial instruments (changes of market value, and of hryvnia exchange rate to foreign currencies) in the amount of USD 13.5 million (in the equivalent).

 

Overall, as of 1 October 2018, the international reserves covered 2.8 months of future imports and were sufficient for Ukraine to meet its obligations and for the government and NBU to conduct their current transactions.

 

Data on the international reserves and foreign currency liquidity are compiled and distributed on a monthly basis.

That includes preliminary data, compiled and distributed no later than the seventh day following the reporting month,

and revised data, compiled and distributed no later than the twenty-first day following the reporting month.

 

Revised data are available at.


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Last modification   05.10.2018