August 7 ------ Ukraine's foreign currency reserves slipped to $37.2 billion as of Aug. 1, the central bank said, but have since risen to more than $40 billion due to a financial aid inflow from the U.S. The reserves fell by 1.8% over July due to the central bank's interventions to cover the structural foreign currency deficit in the market, and the country's debt payments, the central bank added.
On Monday Kyiv officials said Ukraine had received $3.9 billion from the U.S., the first such inflow of 2024 after the aid package was stalled for months by Republicans in Congress. "Thanks to this, international reserves have now exceeded $40 billion," the bank said on the Telegram messaging app.
More than 29 months into the full-scale Russian invasion, Ukraine is heavily reliant on financial aid from its Western partners to cover social spending as it allocates its own revenues for military needs. Ukraine paid $185.0 mln to service its foreign debts in July, the bank said in a statement.
Source: reuters.com
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