Ukrainian foreign reserves reached $18 billion
The National Bank reported that Ukraine's international reserve had reached $18 billion. This was stated by the Deputy Head of the NBU, Dmytro Sologub.
According to Sologub, the favorable situation on the foreign exchange market allowed the National Bank to buy $1.4 billion, a net purchase of foreign currency, from the beginning of 2017.
"At the moment, international reserves amount to about $18 billion," he said. He also noted that the U. S. dollar exchange rate is falling relative to world currencies in international markets.
The National Bank’s international reserves reached $17.97 billion in June, a 2% increase over May. It forecasts an increase in reserves to $20 billion by the end of the year. The steady increase in reserves was noted as early as 2016 when the NBU increased the pool by 17% to $15.5 billion.