Ukraine’s international reserves amounted to $30.55 billion as of December 1, up from $29.65 billion a month earlier, the central bank said.

Reserves rose by 3 percent in a month due to the receipt of the second tranche from the International Monetary Fund under the stand-by programme.

The bank said that the dynamics of reserves over the past month was also determined by public debt management operations – foreign exchange earnings in favour of the government amounted to $493.1 million dollars. In addition, the rise in reserves was influenced by the central bank’s operations on the interbank foreign exchange market.

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 central bank.

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