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Ukraine’s reserves were dwindling in the midst of the war

Photo: t.me/V_Zelenskiy_official

At the beginning of May, reserves were reduced to 26.6 billion dollars, but the NBU said they would be able to keep reserves at the right level.

Ukraine’s international reserves were reduced by $ 1.5 billion in April, said on Tuesday, May 2, the head of the National Bank, Kyrylo Shevchenko.

“At the beginning of May, the reserves, according to operational data, reached $ 26.6 billion. With adequate international financial assistance, we will be able to maintain the reserves at the right level and increase them further,” Shevchenko said. .

He recalled that until the end of the war, the dollar exchange rate was fixed at 29.25 hryvnia.

“We remain focused on market strategies and the course towards money liberalization. As the volume of money supply in the market grows thanks to the gradual resumption of exports of goods, we will return to a floating policy. exchange rate, where the exchange rate is determined by the market, and the central bank smooths out excessive changes in the exchange rate, ”said the head of the central bank. .

It should be noted that in April the NBU bought $ 41 million on the interbank market and sold $ 2,244.3 million. The negative balance for the month reached $ 2,203.3 million.

From the beginning of the year, the central bank bought $ 1,889.6 million and sold $ 7,490.4 million. Negative balance of 5,600.8 million dollars.

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Source: korrespondent

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