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Ukraine’s international reserves up by $0.76 b in July, says NBU

UKRAINE-CURRENCY-RESERVE-NBU

Kyiv, August 6 (Interfax-Ukraine) – Ukraine’s international reserves in July 2012 grew by $761 million, or by 2.6%, to $30.079 billion, reads a posting on the Web site of the National Bank of Ukraine (NBU).

“As of August 1, 2012, the volume of gold and currency reserves stood at $30.079 billion in the [dollar] equivalent: in one month reserves rose by $761 million… [and] forex reserves grew thanks to the sending of funds to Ukrainian government accounts from the placement of five-year eurobonds worth $2 billion,” reads the report.

The NBU also said that $1.235 billion was spent to support the hryvnia, including through the sale of currency to national joint-stock company Naftogaz Ukrainy to pay to Russia’s Gazprom for imported Russian gas.

[UA EUROPE EEU EMERG MCE FIN]

NK

12:04:36 EET-2

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