Report-NBU Reserves declined

 

In April the international reserves of Ukraine grew by 1.3% and amounted to 18,421 billion.

On Friday, may 4, the press service of the national Bank.

It is noted that the main source of replenishment of reserves in the month of April, as in previous months, was the purchase of National Bank currency on the interbank market.

“Long-term excess of currency supply over demand in the interbank market has given the NBU the opportunity to continue to redeem excess currency from the market to build up reserves without impeding the strengthening exchange rate of the hryvnia,” – said in the message.

In April, the national Bank purchased on the interbank market 326,7 million dollars, including $ 146 million in the course of the intervention for the best rate, $ 80 million – at a uniform rate, and of 100.7 million dollars in the currency auctions. In the second quarter of 2018, the national Bank intends to buy up to $ 10 million on the interbank foreign exchange market on the day for building up international reserves.

In addition, the national Bank sold $ 24 million in the course of the intervention in the form of a request a better rate. Thus, the net purchase of currency by the National Bank amounted to 302,7 million dollars.

Also last month in the reserves received 83.6 million euros from the placement of government bonds denominated in foreign currency.

At the same time in April, funds from international reserves were directed mainly to the payments of the government for servicing and repayment of public and publicly guaranteed debt in foreign currency. The amount of payments in April amounted to 127.4 million dollars, including $ 30.8 million was paid to service government bonds that are denominated in foreign currency.

In addition, the volume of reserves was affected by the revaluation of financial instruments (change in market value of the hryvnia to foreign currencies) amounting to 59,2 million dollars and other operations in the amount of $ 11.3 million.

As of may 1, 2018, the volume of international reserves cover 3.3 months of future imports.

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