Ukraine’s international reserves up 1.7% m/m to USD 16.2bn in September.

By bne IntelliNews October 7, 2014

In September, the National Bank's foreign exchange reserves grew by USD 272mn or 1.7% m/m to USD 16,200mn as of October 1, reads a statement made by the NBU. As the NBU underlines, disbursement of funds by the IMF helped the international reserves to increase in September. The National Bank also was approaching the interbank market throughout the month. The regulator sold USD 833.74mn and bought USD 98.30mn at the interbank market. Receipts to Government accounts from international financial institution and floatation of currency domestic government loan bonds made up USD 602.9mn in September.

According to the Central Bank, the reserves in foreign currency as at the end of the month made up USD 14,630.50mn, reserve position of the International Monetary Fund - USD 0.03mn, special drawing rights - USD 1.11mn, and gold - USD 1,568.73mn.

The IMF predicts that at the end of 2014, the amount of Ukraine's foreign currency reserves will stand at USD 16.2bn in optimistic scenario and USD 8.6bn in negative scenario. IMF experts note, now there is no sense in making forecasts for the next year as really no one knows what will become of the Ukrainian economy even in the coming months.

Related Articles

Ukraine's Odesa Port Plant suspends operations after privatisation tender fails

Ukraine's Odesa Port Plant (OPP) will suspend operations due to unfavourable economic conditions, including overpriced natural gas supplied by national gas monopoly Naftogaz, the fertiliser company ... more

Privat investigations: PrivatBank lending practices threaten Ukraine’s financial stability

The problems at PrivatBank, co-owned by oligarchs Igor Kolomoisky and Hennady Boholyubov, have forced the Ukrainian government to nationalise the country’s largest commercial bank, putting an ... more

New privatisation tender for Odesa Port Plant fails

A new privatisation tender for a 99.567% stake in Ukraine's state-owned Odessa Port Plant (OPP) failed, Prime Minister Volodymyr Groysman said on December 7, castigating authorities ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss