The National Bank of Ukraine in July replenished international reserves by $1.3 billion through the purchase of foreign currency in the interbank foreign exchange market.
The regulator's macroeconomic and monetary review for July says that from year-start, the central bank replenished reserves by $2.7 billion through buying out foreign currency in the interbank market.
Replenishing reserves without opposing market trends toward hryvnia strengthening was due to a significant supply of currency, including through investments by non-residents in hryvnia-denominated government bonds.
The NBU recalled that the hryvnia's official exchange rate to the dollar in July strengthened by 4% on June, reaching a three-year low.
As UNIAN reported earlier, in June, the National Bank replenished Ukraine’s international reserves by $322.3 million through the purchase of foreign currency in the interbank foreign exchange market.
Ukraine's international reserves as of July 1 amounted to $20.64 billion, which was 6.4% higher than at the beginning of June.