The Ukrainian central bank revealed on Monday that the country's foreign exchange reserves grew to a record high of $41.7 billion at the beginning of August. The statement noted that the reserves continue to increase thanks to the ongoing influx of financial aid from Ukraine's Western partners. The statement mentioned, "Foreign exchange reserves rose by 6.9 percent in July, marking a record high for the second consecutive time since Ukraine's independence." The reserves stood at $39.026 billion at the beginning of July.
The central bank added that it received $4.68 billion in July, including $1.657 billion from the European Union, $1.496 billion from Japan, and $1.250 billion from the United States. The government also raised about $227 million from issuing local hard currency bonds. The bank further noted that Ukraine repaid $394.6 million in external debts in July. Additionally, the central bank sold bonds worth $1.8 billion in the foreign exchange market. It pegged the local currency (hryvnia) at 36.57 against the dollar last summer and regularly intervenes to reduce the gap between the official currency exchange rate and the money market.
