The National Bank of Ukraine reported that as of June 1, 2024, the country’s international reserves amounted to $39.03 billion, which is 7.9% less than in April. The decrease in reserves is explained by the intensification of government spending and the increase in the net sale of currency by the NBU on the domestic market.
About this it is said in the report of the National Bank of Ukraine.
The main factors that affected the dynamics of reserves in May:
- The currency accounts of the NBU received $143.1 million, of which $123.1 million came from the placement of foreign currency bonds of the domestic state loan (OVDP) and $20 million came from the World Bank.
- During May, the NBU sold $3.087 billion on the foreign exchange market and bought back $11.1 million. The net sale of foreign currency on the domestic market increased by 36% compared to April.
- Servicing and repayment of the state debt: $412.3 million was paid in May, of which $309.1 million was for servicing and repayment of foreign currency bonds.
- Ukraine paid $240.8 million to the International Monetary Fund.
We will remind that in April the international reserves of Ukraine also decreased by 3.1%, and the total public debt in March 2024 increased by 8% to UAH 5.924 trillion.
