According to May, Ukraine's international reserves decreased by 4.6% and as of June 1 amounted to $ 44.54 billion. The National Bank of Ukraine has informed about it. Reduced reserves amounted to $ 2.15 billion compared to the previous month.
The main factors of reduction were the National Bank's currency interventions and debt payments of the state in foreign currency. In part, these expenses were offset by the revenues from international partners, as well as the placement of foreign exchange bonds of the domestic government loan.
The National Bank emphasized that despite the decrease, the volume of international reserves remains higher than at the beginning of the year and is sufficient to maintain stability in the foreign exchange market. The current level provides coverage of 5.4 months of future imports.
In May, the regulator sold $ 2.96 billion in the interbank market, while I bought only $ 1.3 million. Thus, the net sales of currency amounted to almost $ 3 billion.
The government's foreign currency accounts with the National Bank received $ 1.35 billion, of which 1.12 billion - assistance from international partners, including the G7 ERA initiative, and 220 million from the placement of foreign currency bonds.
In parallel, the government made payments totaling more than $ 310 million to serve and repay external debt. These include payments to the European Investment Bank, the European Bank for Reconstruction and Development, other international creditors, as well as $ 296 million in the International Monetary Fund.
