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 NBU: Gold and forex reserves increased by 1.2% in December 2015

In December 2015, gold and forex reserves of the National Bank of Ukraine increased by 1.2 percent or $152 million, amounting to $13.3 billion as of Jan. 1, 2016.

Censor.NET reports citing the National Bank of Ukraine press service.

"In 2015, the reserves increased by 77 percent or $5.767 billion. The receipt of financial aid from the International Monetary Fund and the related official financing contributed dramatically to the increase in reserves over the past year," the statement reads.

As also noted, in December, the international reserves grew by $152 million. The growth owes to currency auctions conducted by the NBU. "During the auctions in December, the National Bank bought $120 million. With the sale of $28.6 million, the net purchase of foreign currency by the National Bank during the auction amounted to $91.4 million," the NBU stated.

Read more: National Bank's forex reserves increased by 77% to $13.3 billion in 2015, - Hontarieva

In addition, the increase in reserves in the last month of 2015 was due to receipts from other sources.

In particular, $88.7 million were received from swap transactions with the Chinese yuan, $11.3 million (equivalent) were allocated by the European Commission in favor of the Cabinet of Ministers.

"As a result, the volume of Ukraine's international reserves covers 3-4 months of imports and is sufficient to meet the obligations and fulfill the ongoing operations of the government and the National Bank of Ukraine," the NBU underlined.

Read more: Owners of only seven minor Ukrainian banks still unknown to NBU, Hontarieva says
 
 
 
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