The National Bank spent about $3 billion to cover the shortage of foreign currency in the market and pay off debts.
At the end of June, Ukraine’s international reserves decreased by 2.9% ($1.143 billion) to $37.894 billion. The National Bank announced this on Friday, July 5.
“This dynamics is due to the foreign exchange interventions of the NBU to cover the structural deficit of foreign currency in the market and to smooth out changes in the exchange rate, as well as the payments of the country’s debt in foreign currency,” the report said.
Thus, the net sales of NBU currency in June reached $2.99 billion, which decreased by 2.7% compared to May.
$444.5 million was paid for the servicing and repayment of public debt in foreign currency, of which:
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$315.7 million – servicing and repayment of foreign currency government bonds;
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$73.6 million – World Bank debt servicing and repayment;
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$55.2 million – repayment of debt to other international creditors.
In addition, Ukraine paid the IMF $247.6 million.
At the same time, the government’s foreign currency accounts with the NBU received $2.43 billion. From this value:
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$2,021.4 million from the European Union as part of the Ukraine Facility instrument;
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407.3 million dollars – from the placement of foreign currency government bonds;
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$3 million from the World Bank.
Thus, Ukraine’s reserves fell for the third month in a row after they reached a historic high of $43.7 billion. The biggest decrease was in May – almost 8%.
Source: korrespondent
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