NBU reveals structure of Ukraine's international reserves.

Securities with the highest international rating make up 84% of Ukraine's total international reserves, the press service of the National Bank of Ukraine (NBU) has reported on Facebook.

"What is the structure of Ukraine's international reserves, which reached a seven-year high and amounted to $25.3 billion at the beginning of this year? To date, 84% of the reserves are placed in securities with the highest international rating (primarily U.S. AAA-rated government bonds), about 11% is stored in cash, deposits and funds in correspondent accounts with other central banks, as well as top-notch commercial banks, while the rest is monetary gold," the report said.

The NBU noted that such a structure of reserves is fully in line with world practice.

In managing the reserves, the NBU adheres to three key principles: reliability, liquidity, profitability.

"It [the NBU] increases international reserves in a favorable situation on the domestic foreign exchange market and analyzes trends in the world economy and places reserves in various reliable instruments (top-rated securities, monetary gold, etc.)," the report said.

Thanks to the NBU increasing international reserves in recent years, their volume is sufficient to make both current payments on sovereign debt in foreign currency and to conduct foreign exchange interventions in the interbank foreign exchange market to maintain price stability.

Ukraine's international reserves grew by 22% in 2019, to $25.3 billion. This amount of reserves reached a seven-year high - the higher amount was recorded in December 2012.


Related news

European beekeepers want Brussels' protection against cheap honey imports from Ukraine, China – media.

The increase of cheap honey imports from China and Ukraine is making honey producers in the EU lower their prices as they can't compete.


NBU strengthens official forex rate to UAH 24.45 to dollar for Feb 24

The hryvnia became stronger for the second day in a row after it had gained three kopiykas in value against U.S. dollar.


Week's balance: Cabinet vows to pull labor market out of «shadows» , allocates UAH 4 bln in farmer support, while energy minister announces record cuts in gas tariff.

The Cabinet of Ministers launched a campaign to remove the labor market from the "shadow" and distributed UAH 4 billion in support of farmers, while Minister of Energy and Environment Oleksiy Orzhel announced a record reduction in gas tariffs – th...


Ukraine exports 16 mln tonnes of wheat over six months – expert.

In the first half of the 2019/2020 marketing year, Ukraine exported about 16 million tonnes of wheat, Director General of UkrAgroConsult consulting agency Serhiy Feofilov has stated.

1 5

Ukraine's National Bank exploring possibility of issuing e-hryvnia.

Some 80% of the world's central banks today are working on digital currency, the official says.

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies