NBU reserves increase 7.3% mom in July
1 August 2008
The National Bank of Ukraine said yesterday its gold & foreign currency reserves rose 7.3% mom (39.3% yoy) in July to USD 38.0 bln. Andrii Parkhomenko: Such a rise in reserves likely indicates sizable currency inflows into the economy. National Bank Counselor Valeriy Lytvitskiy said that according to preliminary data net NBU interventions on the currency market made up USD 2.5 bln in July, vs. USD 2.9 bln in 1H08.
