Ukraine’s international reserves rose by 12.4% in June – NBU
Ukrinform
Ukraine’s international reserves grew by more than USD 3 billion in June 2020, to USD 28.516 billion (in equivalent), according to the press service of the National Bank of Ukraine (NBU).
“As of July 1, 2020, Ukraine's international reserves amounted to USD 28,515.73 million (in equivalent), according to preliminary data. In June, they grew by 12.4%. Such level of reserves last time was recorded in autumn 2012," reads the report.
The National Bank notes that the significant increase in reserves over the past month is due to the receipt of the first tranche under a new program with the International Monetary Fund and related financing, as well as increased purchases of foreign currency by the central bank in the interbank foreign exchange market.
As Ukrinform reported, Ukraine's international reserves decreased by 1.3% in May 2020 and amounted to USD 25,371.8 million (in equivalent) as of June 1.
iy
