In August, good indicator of the consolidated balance was reached mainly by proceeds in the real sector, director of the General Economic Department of the National Bank of Ukraine Oleksandr Petryk told a meeting on the balance of payments, the official website of the NBU reported.
According to the financial expert, it is very important from a macroeconomic point of view. "In addition, the rate was achieved by the expense of credit. Overall, for eight months, the balance of payments was positive amounting to 304 million USD," the expert said.
He noted that money transfers in Ukraine remain the important source of foreign exchange earnings. For eight months, it amounted to 4.8 billion USD, which is by 5% more than last year.
Another important component of the financial account is direct foreign investments, the NBU representative added. According to him, "their flow in August rose to 900 million USD and was one of the biggest of this year."
"Provisions that actually balance the financial and product accounts remain at the level of 30 billion USD and provide the import cover during 3-4 months," Petryk concluded
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