On April 28, the portfolio of war bonds owned by the National Bank will reach UAH 70 billion.
In April, the National Bank provided UAH 50 billion by purchasing military bonds for the corresponding amount. This was reported by the press service of the NBU.
It was noted that on April 28, the portfolio of war bonds owned by the National Bank will reach UAH 70 billion.
The increase in NBU war bond buybacks in April was mainly due to increased budget requirements amid introduced tax changes and lower levels of international funding.
“Unlike in March, budget revenues do not support the early payment of taxes of enterprises and the transfer of dividends of state-owned companies,” the NBU explained.
It was noted that according to estimates of the Ministry of Finance, the budget needs are approximately five billion dollars a month. At the same time, the mechanism for the issuance of the hryvnia by the National Bank through the purchase of government bonds is used only to finance critical government spending on an outstanding basis.
“The position of the central bank on financing does not change – support from the NBU can not be the main source of funding at government costs,” the report said.
The National Bank urged to increase financial attraction through banks ’bonds. Reported that the banking system since the beginning of the war has increased liquidity of UAH 72 billion to more than UAH 230 billion.
Recall, the NBU called the risks of long-term adjustment of the hryvnia exchange rate.
The National Bank redeemed war bonds for 20 billion
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Source: korrespondent
