ZN.UA
Since the beginning of the year, the reserves have decreased by 5.6%.
Ukraine saw a 1.3% decline in its international reserves in July 2018, to US$17.749 billion as of August 1, 2018.
Since the beginning of the year, the reserves have decreased by 5.6%, the National Bank of Ukraine said on its website.
The reduction in the reserves was related to the payment of public debt in foreign currency in the amount of $321.5 million and interventions in the interbank foreign exchange market, during which the regulator sold $64.4 million more than it bought.
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It is noted that the main source to replenish the reserves in July was the sale of government bonds denominated in foreign currency, which amounted to $130.9 million and EUR 60.5 million in July.
In addition, the reserves were affected by the revaluation of financial instruments (change in market value, the hryvnia forex rate against foreign currencies) in the amount of $45.9 million.
The NBU also said that the amount of the reserves as of August 1 covers 3.0 months of future imports.