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5.2.3 Gross international reserves
Ukraine’s gross international reserves declined by USD 0.16 bln, or 0.6%, to USD 27.84 bln in May 2021, the National Bank of Ukraine (NBU) reported on June 7. The decline was due to the government’s repayments on foreign and domestic debt.
In May, total government payments on the redemption and servicing of state debt in foreign currency amounted to USD 651 mln (in the equivalent). In particular, USD 529 mln was directed to the redemption and servicing of local Eurobonds. Payments to the IMF amounted to USD 64 mln. At the same time, the foreign currency inflow to the government’s accounts amounted to 418 mln in May, including USD 354 mln in receipts from placements of local Eurobonds.
The NBU reported a USD 137 mln increase in the value of its securities portfolio.
As of June 1, Ukraine’s gross reserves amounted to 4.2 months of imports, the NBU said.
34 UKRAINE Country Report July 2021 www.intellinews.com