Ukraine’s international reserves exceeded $30 billion as of September 1.

“At the beginning of this month, reserves exceeded $30 billion, even after paying ($1.3 billion) for Eurobonds,” the National Bank’s Deputy Chairman, Serhiy Nikolaychuk, said.

He said that reserves increased after receiving $2.7 billion from the International Monetary Fund in late August in the Fund’s general distribution of new standard drawing rights within the framework of assistance to its member countries affected by the coronavirus pandemic.

The current volume of international reserves covers five months of future imports, which is sufficient to meet Ukraine’s obligations and the current operations of the government and the National Bank.

Ukraine’s international reserves increased by 15 percent year-on-year to $29.1 billion in 2020.