In July, Ukraine’s international reserves decreased by 1.8%, but a grant from the US raised August’s total to $40B.

As of August 1, Ukraine’s international reserves amounted to $37.2B. In July, they decreased by 1.8%, the National Bank reported. Last month, the dynamics of international reserves were determined by:

1. NBU operations on the foreign exchange market. The National Data Bank sold $3.307B and bought back $1.8M for its reserves. So, the net sale of currency amounted to $3.305B.
2. Income for the benefit of the government and payments for servicing and repayment of the national debt. The government’s currency accounts at the NBU received almost $2.5B – from the IMF and the placement of currency government bonds. $185M was paid for servicing and repayment of the state debt in foreign currency.
3. Revaluation of financial instruments, thanks to which the value of financial instruments increased by $342.9M.

However, the NBU noted that at the beginning of August, Ukraine received a grant from the US for $3.9B, which increased international reserves to over $40B.