In April, Ukraine’s reserves increased by 12.8%, or $4B, to $35.9B, according to the NBU. The regulator explained that reserves increased due to aid received from international partners, a further decrease in net foreign currency sales by the National Bank, and the country’s moderate debt payments in foreign currency.
The Central Bank specified that $5.8B was received in the government’s foreign currency accounts in April, with $2.7B from IMF’s new expanded financing program, $1.7B in EU macro-financial assistance, $1.25B from the World Bank trust fund and $242.6M from the placement of currency bonds of the domestic state loan.
At the same time, the government paid $446M toward servicing and repaying the state debt. In April, the NBU sold $1.4B on the interbank foreign exchange market, $298.5M less than in March.