International reserves dynamics in April 2015

As of May 1,2015, preliminary data shows that the stock of Ukraine's international reserves  stood at the equivalent of USD 9,631 million.

The amount of international reserves held by Ukraine is sufficient to enable the Government and the National Bank of Ukraine to settle their foreign debt obligations and current operations.

In April 2015, public and guaranteed debt service payments in foreign exchange amounting to USD 737 million, including interest or principal debt payment on external sovereign bonds and government securities (USD 387 million) and debt payments due to the IMF (USD 218 million) became a major factor determining Ukraine’s international reserve dynamics.

In addition, NBU interventions to sell foreign exchange, amounting to USD 240 million, of which USD 140 million was sold to Naftogaz of Ukraine NJSC through targeted foreign exchange interventions, also played a par in influencing the dynamics of international reserves. The National Bank of Ukraine also intervened by purchasing foreign exchange in an amount of USD 158 million.

In April, proceeds amounting to USD 161 million arising from the conversion of Chinese Yuan into U.S. dollars and the disbursement by the European Commission of an amount equivalent to EUR 250 million to Ukrainian Government contributed to increase in the international reserves.

Source: http://www.bank.gov.ua/control/en/publish/article?art_id=17140416&cat_id=76291