Weekly Insight -- NBU reserves decline 8% in May
NBU gross international reserves were down 7.9% in May to US$39.0bn as the inflows of foreign financial aid were insignificant, and the NBU upped its FX sale interventions.
The NBU sold net US$3.1bn to alleviate imbalances in the FX market in May. Previously, the NBU monthly interventions exceeded the US$3.0bn level only six times since the start of russia’s full scale invasion. Last month, Ukraine received only US$20mn in loans from foreign partners while repaying about US$340mn of debts to IFIs.
ICU IS A FINANCIAL SERVICES GROUP PROVIDING SECURITIES TRADING, INVESTMENT BANKING AND ASSET MANAGEMENT FOR PRIVATE AND INSTITUTIONAL INVESTORS.
More information about ICU you can find at https://www.icu.ua/
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.