The government’s foreign currency accounts at the National Bank received $2.48 billion, of which $2.197 billion. from the IMF and $285.7 million. – from the placement of foreign currency government bonds.
As of August 1, 2024, Ukraine’s international reserves, according to preliminary data, amounted to $37,231.9 million. In July, they fell by 1.8%. The press service of the NBU reported this on Tuesday, August 6.
The corresponding dynamics, as explained, is due to the foreign exchange interventions of the NBU to cover the structural deficiency of foreign currency in the market and smooth out the changes in the exchange rate, as well as the payments of the country’s debt to foreign currency
These transactions were partially offset by proceeds from international partners and from the placement of foreign currency domestic government loan bonds (currency government bonds).
In general, in July 2024, the dynamics of international reserves is determined by many factors.
The NBU sold $3,306.8 million in the foreign exchange market. and purchased 1.8 million dollars in reserves. As a result, the NBU’s net currency sales in June reached $3,305.0 million.
The government’s foreign currency accounts at the National Bank received $2.48 billion, of which $2.197 billion. from the IMF and $285.7 million. – from the placement of foreign currency government bonds.
For the service and payment of public debt in foreign currency, 185 million dollars were paid, of which 77.0 million dollars. – World Bank debt servicing and repayment, $70.5 million. – payments on government derivatives, $20.1 million. – servicing and repayment of foreign currency government bonds, $17.4 million. – payments to other international creditors.
“In July, thanks to the revaluation, the value of financial instruments increased by $342.9 million. The current volume of international reserves provides financing for 4.8 months of future imports,” explained the regulator. .
Earlier it was reported that the National Bank of Ukraine reduced sales of foreign currency against the backdrop of a modest increase in the Hryvnia exchange rate.
In addition, in July 2024, Ukrainians bought a record amount of money in almost 12 years (in November 2012 – $1.523 billion).
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.