Ukraine’s international reserves grew by $412 million

Международные резервы Украины выросли на $412 млн

Ukraine’s international reserves in March rose

Reserves increased in March, particularly due to the receipt of government funds from the loan under the guarantee of the world Bank.

International reserves of Ukraine in March increased by 2.1% or $412 million and as of April 1 amounted to 20 632,7 million dollars. On Thursday, April 4, the press service of the National Bank.

It is noted that reserves have increased due to the receipt of government funds from the loan under the guarantee of the world Bank in the amount of 512 million euros; the placement of government bonds in foreign currency, including Eurobonds to 357,1 million dollars, t-bills 159,8 million and $ 5.4 million Euro. In addition, the net purchase of currency by the National Bank on the interbank currency market provided the replenishment of the reserves of 162.2 million dollars

“In March, the supply of currency demand was higher primarily due to favorable external price conjuncture for Ukrainian exports, in particular agricultural and metallurgical products, and stable export revenues and investments of nonresidents in the hryvnia government securities”, – stated in the message.

As a result, the NBU bought on the interbank currency market 271,7 million dollars (90,0 million dollars – in the form of interventions for the best prices 181,7 million dollars on a single course). At the same time to smooth exchange rate fluctuations during the month, the national Bank sold 109,5 million dollars.

As reported in last month from the reserves aimed 866,5 million dollars for payments on servicing and repayment of public and publicly guaranteed debt in foreign currency.

We will remind, in February, Ukraine paid 1 285,4 million dollars debt, which has decreased international reserves. On March 1, the size of the international reserves declined by 2.9% (599,4 million dollars) and amounted to 20 220,3 million dollars.

 

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