Ukraine's international reserves decreased by 5.2% to $45.7 billion at the beginning of June, the NBU reported on Friday, UNN writes.
As of June 1, according to preliminary data, Ukraine's international reserves amounted to $45,726.6 million. In May, they decreased by 5.2%,
The NBU explained this dynamics by "currency interventions of the National Bank and the country's debt payments in foreign currency." "These operations exceeded the proceeds from the placement of foreign currency domestic government bonds and from international partners," the report says.
However, it is noted that despite the decrease, the volume of international reserves is sufficient to maintain the stability of the foreign exchange market.
According to NBU data, $599.2 million was received by the government's foreign currency accounts at the NBU in May, including:
- $498.8 million – through World Bank accounts;
- $100.4 million – from the placement of foreign currency domestic government bonds.
A total of $126.2 million was paid for the servicing and repayment of the state debt in foreign currency. In addition, Ukraine paid $274.9 million to the International Monetary Fund.
"Net currency sales by the National Bank decreased by 12.4%. According to the NBU's balance sheet data, it sold $3,134.9 million on the foreign exchange market in May," the National Bank indicated.
The current volume of international reserves reportedly provides financing for 4.7 months of future imports.