The balances on the government’s foreign currency Single Treasury Account (STA) as of May 5, 2021 amounted to $1.6 billion, head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn said.
“The amount of funds on the STA of the government as of May 5, 2021 amounted to UAH 23.1 billion, in foreign currency (including proceeds from the placement of Eurobonds) – almost $1.6 billion in dollar terms,” Danylyshyn wrote on Facebook on Thursday.
As the head of the NBU Council noted, in May-December of this year, Ukraine should make payments for the repayment and servicing of the internal state debt in the amount of UAH 288.8 billion, that is, an average of UAH 36.1 billion per month.
The tight schedule of these payments and the insufficient depth of the domestic market for government borrowings (the average daily trading volume in the secondary market in April amounted to UAH 1.2 billion) force the Ministry of Finance to increase the yield on government bonds, Danylyshyn explained.
