Ukraine's international reserves grow 6.9% to new record in July
MOSCOW. Aug 8 (Interfax) - Ukraine's international reserves grew by 6.9% in July to a new record high of $41.72 billion as of August 1, according to preliminary data from the National Bank of Ukraine (NBU).
"In July, international reserves continued to increase thanks to sustained and regular inflows from international partners, which exceeded the NBU's net FX sales and Ukraine's FX debt repayments," Ukrainian media reported, citing an NBU press release.
The net international reserves grew by 9.7% in July to $28.94 billion, setting a new record for the fifth consecutive month, the NBU said.
A total of $4.68 billion was received to the government's FX accounts with the NBU in July, including $1.66 billion of macrofinancial assistance from the European Union; about $1.5 billion of concessional loan guaranteed by the government of Japan through the World Bank's Target Fund; $1.3 billion of grants through the World Bank's trust fund, of which $1.25 billion from the United States; and $0.23 billion from the placement of FX domestic government debt securities.
The government of Ukraine spent a total of $0.39 billion on servicing and repaying the FX public debt, including $0.32 billion allocated to service and redeem FX domestic government bonds.
The NBU sold USD $1.87 billion on the FX market and bought $13 million to replenish international reserves, according to balance sheet data.