Currently, international reserves remain higher than the beginning of the year and are sufficient to maintain the stability of the foreign exchange market, ensuring the NBU.
According to the May results, Ukraine’s international reserve fell and on June 1 cost $ 44.54 billion, 4.6%, or $ 2.15 billion less than a month ago. This was announced by the National Bank on Friday, June 6.
“The dynamics are due to interventions on the NBU foreign exchange and the country’s debt repayment for foreign currency,” the report said.
It is indicated that these costs are slightly covered by revenues from international partners and the placement of ovgz money.
At the same time, the regulator emphasized that international reserves remain higher than the beginning of the year, and is sufficient to support the stability of the foreign exchange market and provide financing of 5.4 months of imports in the future.
The National Bank has made it clear that the change in reserves is also partly related to its operations in the foreign exchange market. In May, the NBU sold $ 2.96 billion and bought only $ 1.3 million, so the net sale of money costs $ 2.96 billion.
Also, reserves are affected by receipts in favor of the government and payment for the preservation and repayment of public debt.
In May, $ 1.35 billion of this amount was received in Ukrainian government money accounts in the middle bank: $ 1.12 billion from international partners, including under the G7 Era initiative, $ 0.22 billion from the placement of foreign exchange oats.
At the same time, Ukraine provides $ 310.1 million for maintaining and repaying public debt, in particular $ 184.4 million – maintenance and payment of money atss, $ 67.1 million – EIB debt maintenance and repayment, $ 30.2 million – EBRD loan maintenance and repayment and $ 28.4 million – repayment to other international creditors.
In addition, Ukraine paid the IMF $ 296.3 million.
The change in reserves was also affected by the re -evaluation of financial instruments, which increased them by $ 55.8 million.
Remember that in March and April, Ukraine’s international reserves grew and reached a historical record – $ 46.68 billion. Prior to this, their volume was reduced within two consecutive months.
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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.