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Ukraine’s reserves fell for the first time in six months

Photo: NBU press center

Last month, the government’s currency accounts at the National Bank received only $1.66 billion in international aid.

Ukraine’s international reserves decreased in August after growing for half a year. This happened due to the reduction of international aid, the National Bank said on Wednesday, September 6.

According to the regulator, reserves fell by $1.35 billion to $40.39 billion. At the same time, they grew by $11.89 billion since the beginning of the year.

Last month, the government’s foreign currency accounts with the NBU received only $1.66 billion, of which $1.63 billion was EU macro-financial assistance. This was significantly lower than in July ($4.68 billion), when reserves reached an all-time high of $41.7 billion.

The National Bank also sold $2.45 billion in the foreign exchange market to maintain the balance.

Ukraine paid almost 380 million more dollars to the International Monetary Fund. The government also paid $306.5 million to service and repay the state’s foreign currency debt.

Recall that in August, Ukrainians began to actively buy foreign currency in banks. The net purchase of foreign currency reached 148.5 million dollars.

The NBU sold a record amount of dollars from reserves
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Source: korrespondent

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