As of 1 October 2017, according to preliminary data Ukraine's international reserves amounted to the equivalent of USD 18,637.5 million and reached the maximum since the beginning of 2014. At present, the reserves exceed the level of the current year start by 20%. In particular, September saw an increase of the reserves by USD 602 million or by 3.3%.

Last month the government revenues from placement of eurobonds in the amount of USD 1,318.1 million contributed to the increase of the reserves.

At the same time, USD 165.6 million from the international reserves was used for FX interventions by the National Bank of Ukraine to mitigate excessive fluctuations in the interbank FX market caused by temporary factors. Particularly, USD 69.0 million was sold through interventions with request for best quotation.

Also, USD 521.4 million from the reserves was used for payments of the Ukrainian government related to the repayment and servicing of public debt and government-backed foreign currency debt. Of which USD 505.4 million was used to service and repay sovereign eurobonds.

As of 1 October 2017, the amount of the international reserves covers 3.7 months of future imports and is sufficient for performing Ukraine’s obligations and for current transactions by the government and the NBU.