The dynamics are due to significant quantities of revenues from international partners, which have exceeded the National Bank’s net sale.
According to June results, Ukraine’s international reserve increased and on July 1 was worth $ 45.07 billion, 1.2%, or $ 530 million over a month ago. It was announced by the National Bank on Monday, July 7.
“The dynamics are due to the significant amount of revenues from international partners who have exceeded the National Bank’s net sale and the country’s debt repayment to foreign currency,” the report said.
Thus, the national bank’s foreign exchange accounts received $ 4.09 billion as part of the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative. From this value:
-
$ 1.69 billion – from the Canadian government;
-
$ 1.25 billion – through World Bank accounts;
-
$ 1.15 billion – from the European Union.
At the same time, $ 524 million is allocated for maintaining and repaying public debt to foreign currency, where:
-
$ 226.8 million – World Bank’s maintenance and repayment and repayment;
-
$ 4.7 million – EBRD loan maintenance and repayment;
-
$ 4.3 million – maintaining oats of money;
-
$ 1.6 million – EU debt service;
-
$ 286.6 million – payment to other international creditors.
In addition, Ukraine pays $ 426.2 million to the International Monetary Fund.
At the same time, the NBU in June sold $ 2.96 billion in the foreign exchange market, and bought it in reserves – just $ 1.3 million. As a result, the net sale of money in June costs $ 2.96 billion.
The volume of reserves is also affected by the re-evaluation of financial instruments (due to changes in market value and exchange rates)-increased $ 337.8 million.
“The current volume of international reserves provides financing of 5.6 months of imports in the future,” the National Bank added.
Remember that in June, Ukraine’s international reserves fell over $ 2 billion. And before that, in March and April, reserves grew and a historical record reached – $ 46.68 billion. Prior to that, their volume dropped two months later.
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
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.