The international reserves of Ukraine increased by $188 mln in October – up to USD 12 billion 962 million. These preliminary data were provided on November 1st by NBU, RBC-Ukraine (РБК-Украина) reports.
Reserves were increased primarily due to NBU purchase of currency on the interbank currency market of Ukraine. “In October the National Bank purchased USD 300.5 mln on the interbank market. The major part of these funds (USD 295.2 mln) was purchased at auctions. In addition, the international reserves of the National Bank have been replenished with proceeds from KFW bank (Germany) to the benefit of Ukrainian government, amounting to 199 mln euros”, as it is said in the statement.
NBU also emphasizes the fact that reserves increased regardless of repayment and servicing of state and state-guaranteed debt in foreign currency. In October USD 95.7 mln were allocated for these purposes, 13.2 out of this amount – for public securities servicing.
In addition, in October NBU conducted interventions on interbank currency market of Ukraine. For the reporting period the regulator sold the banks foreign currency for USD 46.5 mln. USD 37.5 mln out of them were sold as per Dutch auction scheme.
It is also reported in the statement that NBU expects the increase of international reserves up to USD 15 billion after Ukraine receives the third tranche from IMF.
