In April, Ukraine’s international reserves grew by 3.1%, or almost $ 0.8 billion, the National Bank of Ukraine said. Now they amount to almost $ 25.7 billion. “The increase in international reserves was facilitated primarily by the operations of the National Bank – management of reserves in the foreign exchange market,” the NBU said.
In particular, the net purchase of foreign currency in April amounted to $ 678.8 million. The National Bank reported that in April it spent $ 303.9 million on servicing and repaying government and government-guaranteed debt. “The current volume of international reserves covers 4.5 months of future imports, which is sufficient to fulfill the obligations and current operations of the government and the National Bank,” the regulator noted.
In March, Ukraine’s international reserves fell by more than $ 2 billion for the first time since December 2014. At the end of 2019, gold and foreign exchange reserves reached a seven-year high of $ 25.3 billion.