Ukraine has been actively accumulating foreign currency reserves of the NBU

International reserves of Ukraine as of July 1, 2017, made up 17.97 billion. equivalent, which is 2% higher than on 1 June. About it reports a press-service of the National Bank of Ukraine (NBU).

In General, the first half of 2017, the growth of reserves was 16%.

“The favorable situation on foreign markets allowed the National Bank … to buy foreign currency to replenish international reserves, without creating interference to strengthen the hryvnia,” – noted in the NBU.

According to the regulator, as of July 1, the volume of international reserves cover of 3.7 months of future imports is sufficient to meet the obligations and current operations of the government and the National Bank.

Recall, for 2016 Ukraine’s international reserves grew by $ 2.2 billion, or 17%.

At the same time, the volume of international reserves at the end of 2016 appeared below the official forecast of the NBU.

The forecast was based on assumption of successful completion of the third review of the EFF in 2016. In this baseline scenario, the NBU is expected that the fourth tranche from the IMF in the amount of 1.3 billion dollars will go to the end of last year. In this case, and in the case of income of 600 million euros from the EC up to the end of the year, at the end of 2016 international reserves should grow to 17.5 billion.

Accordingly, the failure to obtain this funding has led to the fact that the actual amount of reserves were at $ 2 billion less than projected.