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NBU reserves increased

NBU reserves increased
As of August 1, 2012, the amount of gold and foreign exchange reserves numbered 30 billion 79 million dollar equivalents, so the reserves have increased by 761 million dollar for a month, the director of the Department on foreign currency reserves and the implementation of open market operations by the NBU Oleksandr Dubyhvist said, the official website of the National Bank reports.

"The growth of gold and currency reserves has occurred primarily due to receipt of funds to the government of Ukraine on the placement of five-year Eurobonds worth two billion dollar," the banker said.

According to Dubyhvist, the overall balance of interventions for July amounted minus one billion 235 million dollars,  including due to the sale of foreign currency of the gas company of Ukraine "Naftogaz Ukraine" to carry out payments to Gazprom for delivered Russian gas. During July the National Bank carried out the currency purchase and sale operations in the interbank foreign exchange market.