In May, the NBU sold almost 3.1 billion dollars in the foreign exchange market. More than $600 million has been paid to service and repay debts.
At the end of May, Ukraine’s international reserves decreased by 7.9% and reached $39 billion. The National Bank announced this on Thursday, June 6.
This dynamics is due to the foreign exchange interventions of the NBU to ensure the stability of the exchange rate and the payments of the country’s debt in foreign currency, partially offset by the proceeds from the placement of foreign currency bonds by domestic government loans (currency government bonds) and from international partners, the report said.
In May, the NBU sold almost $3.1 billion in the foreign exchange market and bought back $11.1 million for reserves. Foreign currency net sales totaled $3,075.9 million, an increase from April.
The government’s foreign currency accounts at the National Bank received $143.1 million. Of this amount: 123.1 million – from the placement of foreign currency bonds of internal government debt, 20 million dollars – from the World Bank.
For the servicing and payment of the public debt in foreign currency, 412.3 million dollars were paid, of which:
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309.1 million – servicing and repayment of foreign currency government bonds;
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42.9 million – EIB loan servicing and repayment;
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30.7 million – debt servicing and repayment to the EBRD;
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21.3 million – servicing and repayment of debt to the World Bank;
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8.3 million – repayment of debt to other international creditors.
In addition, Ukraine paid the IMF $240.8 million. In May, due to revaluation, the value of financial instruments increased by $216.1 million. The current volume of international reserves provides financing for 5.1 months of future imports.
We remind you that in April, Ukraine’s international reserves decreased by 3.1%, to $42.4 billion. A decline then occurred after reserves reached a historic high of $43.7 billion.
Source: korrespondent
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