Preliminary data suggests that as of 1 May 2017, Ukraine's international reserves amounted to the equivalent of USD 17.175 billion, having increased by UAH 2, 052 million mom, mainly due to disbursements by the International Monetary Fund and other donors of Ukraine.
In April 2017, Ukraine's international reserve dynamics were determined by the following factors:
- A loan tranche of USD 996.2 million (in the equivalent) disbursed by the IMF under the EFF.
- Some EUR 579.1 million was received from the European Commission.
- The NBU’s foreign exchange interventions in the interbank market through which the regulator purchased USD 402.3 million, including USD 201.0 million purchased through interventions in the form of the best exchange rate offer.
- The Government’s payments related to the repayment and servicing of public and publicly guaranteed debt denominated in foreign exchange in the amount of USD 68.1 million (in the equivalent), including interest payments of USD 6.5 million on domestic government bonds.
As of 1 May 2017, the amount of Ukraine’s international reserves is sufficient to cover 3.6 months of future imports and enable the Government and the NBU to settle their foreign debt obligations and current operations.
For reference
Data on international reserves and foreign currency liquidity are compiled and disseminated on a monthly basis:
- not later than the seventh day following the reporting month – preliminary data;
- not later than the twenty-first day following the reporting month – revised data.