The National Bank of Ukraine (NBU) in May increased currency sales in the market to $1.991 billion from $1.374 billion in April and $1.674 billion in March.
According to the central bank’s website on Thursday, the volume of purchases in May rose slightly to $63 million versus $4-5 million in April-March, but still remains an order of magnitude below the volume of its sales.
As a result, as the NBU points out, its net foreign exchange interventions last month rose to $1.928 billion from $1.370 billion in April and $1.674 billion in March, but less than $2.431 billion in February and $3.082 billion in January.
According to Alexey Blinov, head of Sense Bank’s analytical department, taking into account the significant inflows of external financing, Ukraine’s international reserves in May should exceed $37 billion, while in April they increased by 13%, or by $4.07 billion – to $35.94 billion.
