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Ukraine’s international reserves increase by 5,8%

The National Bank reminded that the incomes from the placement of the bonds of the domestic public debt made $1.005 million
17:45, 6 August 2019

National Bank of Ukraine

The international reserves of Ukraine increased by 5,8% ($1.27 million) in July up to $21.8 million, as the National Bank of Ukraine (NBU) reported.

The regulator notes that the growth took place due to the favorable situation at the currency market, operation of the government on management of the state debt and reassessment of the financial tools.

Related: Government loans and hryvnia exchange rate: What's wrong with Ukraine's National Bank

The NBU reminded that the incomes from the placement of the bonds of the domestic public debt made $1.005 million.

“These incomes almost entirely compensated payments of the government on the service and payment of the state and guaranteed by the state debt in the foreign currency. Last month such expenses made $1.019 million, including $941.3 million that was sent for service and payment of currency bonds of the domestic public debt and other funds were spent for the fulfillment of other commitments before the foreign creditors and international financial organizations,” the message said.

Related: Zelensky wants to sell state-owned banks: What will happen to Privatbank and Oschadbank?

Earlier we reported that inflation in Ukraine in May 2019 is to 0.7%, compared with 1% in April, 0.9% in March, 0.5% in February and 1% in January.

From October till December 2018, the real GDP of Ukraine grew up by 3.4 percent compared to the same period in 2017. 

Besides, the National Bank of Ukraine predicts the growth of the GDP in Ukraine by 2,5% in 2019.

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