Ukraine's forex reserves reach $19 bln thanks to placement of currency-pegged govt bonds - NBU

13:55, 30.11.2017 1 min read

Ukraine's forex reserves as of November 30, 2017 grew to $19 billion compared with $18.7 billion as of early November, thanks to the successful placement of currency-pegged government domestic loan bonds by the Finance Ministry this week, Deputy Governor of the National Bank of Ukraine (NBU) Oleh Churiy has said.

"Banks have extra currency liquidity," he told reporters in Kyiv on Thursday, commenting on the raising of some $1.5 billion by the Finance Ministry.

Churiy said that in contrast to the previous auction to sell currency-pegged bonds this time these are new investments, and not reinvestment of funds from payment for the bonds.

He recalled that free currency liquidity of Ukrainian banks exceeded $4 billion, which creates conditions for cheap placement of government domestic loan bonds by the Finance Ministry.

Churiy said that in the second half of December the Finance Ministry will have a rollover for earlier issued currency-pegged bonds.