At the beginning of the year, Ukraine’s gold and foreign exchange reserves reached nearly $ 31 billion, and within five months they had fallen to $ 25 billion.
In the past month, Ukraine’s international reserves dropped by 7% – from $ 26.945 billion to $ 25.1 billion, according to data from the National Bank.
“On June 1, 2022, Ukraine’s international reserves, according to preliminary data, reached $ 25.1 billion. By the end of May, they dropped by 7%, mainly due to the sale of foreign currency on the interbank market, which was slightly offset by funding from international security, ” – said in the message.
The dynamics of reserves in May were affected by operations to manage public debt: the total volume of payments for servicing and repayment of state debt and guaranteed state in foreign currency amounted to $ 144.8 million equivalent, of which $ 60.2 million directed to payment. of Eurobonds.
Foreign exchange receipts in May amounted to $ 1 billion 66 million equivalent, including 583.7 million euros from the World Bank and 582.3 euros from the EU.
Also, the NBU and the government paid $ 68.6 million in favor of the IMF in May.
The NBU’s operations in the interbank market also affected the dynamics of reserves. In May, the regulator sold $ 3.41 billion in the foreign exchange market and bought $ 56.4 million.
In addition, the dynamics of the indicator was affected by the re -evaluation of financial instruments (changes in market value and the exchange rate of hryvnia against foreign currencies): last month their value increased by $ 63.1 million equivalent .
The regulator also clarified that Ukraine’s net international reserves (NIR) in May fell by $ 1.86 billion, or 11.1%, to $ 16.779 billion.
In April, reserves dropped 4% or $ 1.162 billion. And by the beginning of 2022, international reserves had reached $ 30.941 billion
The NBU has significantly reduced the sale of foreign currency from reserves compared to last week, when a record volume was sold – more than 1,420 million dollars.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.