KYIV, Jan 12 – The National Bank of Ukraine’s net forex reserves increased 19% over the past 30 days to $18.1 billion after the government had raised at least $3.5 billion from capital markets, the NBU reported.

The net forex reserves exclude debts to the International Monetary Fund, Ukraine’s biggest lender.

The reserves rose as foreign investors converted U.S. dollars to hryvnias to buy at least $2.7 billion worth of Treasury bills in December, while the government also converted about $1 billion it had raised from eurobonds and loans.