Ukraine’s international reserves increased by USD 300M

As of August 1, Ukraine’s international reserves amounted to USD 28.8 billion (in equivalent), and in July increased by $ 300 million (1.0%), the National Bank of Ukraine reports.

Since the beginning of the year, the total amount of reserves has grown by USD 3.5 billion (13.8%), and, as of August 1, reached USD 28.802 billion.

“The growth of reserves during the last month was primarily due to the successful placement of Eurobonds by the government,” the statement reads.

The current volume of international reserves covers 4.9 months of future imports, which is sufficient to meet the obligations of Ukraine and the current operations of the government and the NBU.

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