Ukraine needs $5B a month for the budget to function, and in three months, the National Bank of Ukraine (NBU) has “printed” UAH 120B ($4.1B) for this purpose, reported the Ministry of Finance. Since the beginning of the full-scale war, the state’s sources of funding for the budget have been primarily military bonds and international financial aid. In just over two months, Ukraine has received $13.8B (UAH 404.2B). Thus, the budget has been financed primarily by the NBU, and the regulator decided to print UAH 120B through the redemption of military bonds. Therefore, the NBU has issued UAH 50B in May, exactly as much as in April. Another UAH 89.9B came from the sale of military bonds to investors. In addition to that, UAH 41.3B also came from the International Monetary Fund in the form of a loan.
During the three months of full-scale war, the NBU printed UAH 120B.
During the three months of full-scale war, the NBU has printed UAH 120B.