Foreign exchange earnings from non-residents in June reach USD 1 billion

KYIV, July 12 /UKRINFORM/. Net foreign exchange earnings from non-residents in June 2012 amounted to USD 1 billion in equivalent, the National Bank of Ukraine (NBU) has said in a statement on the state of the foreign exchange market in June 2012.

"In June 2012, foreign exchange earnings from non-residents continued to exceed transfers in their favor. The net inflow of foreign currency to the accounts of residents amounted to USD 1 billion. At the same time, demand for foreign currency on the interbank market exceeded its supply," reads the statement.

The National Bank of Ukraine (NBU) also noted that under these conditions, the National Bank of Ukraine last month was obliged to conduct more interventions on the sale, rather than purchase of foreign currency. Their negative balance reached USD 704 million.

Ukraine's foreign exchange reserves in June 2012 shrank by 4.7%, to USD 29.3 billion.