“As of 1 August 2012, the international reserves stood at USD 30.079 billion (in the equivalent), having increased by USD 761 million,” said Director of the NBU Department of Foreign Exchange Reserve Management and Open Market Transactions Oleksandr Dubikhvist.

The international reserves have grown mainly on account of the proceeds raised by the Government of Ukraine from the placement of five-year maturity eurobonds worth USD 2 billion.

According to Mr. Oleksandr Dubikhvist, the total balance of NBU foreign exchange interventions was in the red and stood at “minus” USD 1.235 billion. This figure includes the sale of foreign exchange to the NJSC "Naftogaz of Ukraine", which allowed Ukraine's national energy company to make payments to the OJSC Gazprom for imported gas. In July, the National Bank of Ukraine in the interbank foreign exchange market by both purchasing and selling foreign exchange.