UkrInform

Ukraine and world news. Ukrinform brings the latest news, daily news, political news, business news, social news, cultural news, sports news, international news

https://www.ukrinform.net/

Balance of payments situation worsens in April - NBU.

In Ukraine, the balance of payments situation deteriorated somewhat in April.

This was stated in an interview with Interfax-Ukraine by Deputy Governor of the NBU Serhiy Nikolaychuk, according to Ukrinform.

"If in March our balance of forex interventions stood at $1.7 billion, while n April the figure increased to $2.2 billion. And yes, you are right, we have reduced forex earnings in favor of the government. If in March, the amount was $3.3 billion, against less than $2 billion in April, mainly due to a reduction in external official funding. Respectively, while in March our international reserves increased by $600 million, they dropped by $1.2 billion in April," Nikolaychuk said.

Read also: Let's support the unbreakable: NBU’s special fundraising account to support Ukraine's Armed Forces

He noted that among the main factors affecting the trade balance, the regulator is seeing rising fuel and defense spending. The volume of settlements with payment systems also remained significant, primarily due to the active use of hryvnia cards abroad by Ukrainian refugees.

The National Bank stressed that international support remains important for Ukraine.

"In the last few weeks, we have seen significant progress in this regard, including the financing promised to us by the World Bank, the EU, and the United States. A new $40 billion aid package approved by U.S. Congress should significantly help our balance of payments. We are actively working to ensure that the costs we incur in the foreign exchange market to maintain rate stability (we expect them to be lower in the second half of the year) are fully covered by official funding," the official said.

As reported, as of May 1, 2022, Ukraine's foreign reserves amounted to $26.9 billion. In April, they decreased by 4% due to currency sales by the National Bank.

Будь-який проект починається з визначення цільової аудиторії (ЦА), тому що жоден бізнес не зможе існувати без розуміння своїх споживачів, їхніх про...
Останні новини
No new measures after energy bills summit at Downing Street.

No new measures after energy bills summit at Downing Street.

Prime Minister Boris Johnson has told energy bosses at a meeting at 11 Downing Street that it will be for the next PM to make "significant fiscal decisions". The Treasury says the PM, Chancellor and Business Secretary stressed to energy bosses "th...

This Morning’s Top Headlines – August 11

This Morning’s Top Headlines – August 11

Former President Donald Trump invokes his Fifth Amendment right more than 440 times during a deposition for the New York Attorney General's office, an Iranian national is charged in a plot to kill John Bolton and the House of Representatives is ex...

Mom celebrates daughter on billboard

Mom celebrates daughter on billboard

ABC News’ Will Ganss has more on the mom who purchased a billboard in New Jersey to celebrate her daughter earning her postgraduate degree.

Deadly explosion rocks neighborhood

Deadly explosion rocks neighborhood

Surveillance cameras captured the moment a massive explosion destroyed nearly a dozen homes in Indiana, killing at least three people. ABC News’ Christine Sloan has more.

1 14

New setback for cruise industry

New setback for cruise industry

A major cruise line is being forced to cancel trips due to staffing shortages. ABC News’ Mona Kosar Abdi has more.

Grassley: They raided Trump, but negotiated with Hillary.

Grassley: They raided Trump, but negotiated with Hillary.

Sen. Chuck Grassley, R-Iowa, joined 'Fox & Friends' to discuss his talk with FBI Director Christopher Wray over the FBI's raid on Trump's Mar-a-Lago home and the fallout over the incident. #FoxNews ... CHUCK GRASSLEY: I didn't get much of an answe...