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International reserves dynamics in July 2014

As of August 1, 2014, preliminary data show that the stock of international reserves stood at USD 16.070 billion in equivalent.

In July, an increase in the international reserves was mainly due to the proceeds arising from the placement of domestic sovereign bonds denominated in the foreign exchange (equivalent of USD 200 million) and purchases of foreign exchange in the interbank market by the National Bank of Ukraine to replenish the gold and foreign exchange reserves (equivalent of USD 80 million).

At the same time, due installments under the state and state-guaranteed debt (equivalent of USD 1.176 billion), including under the IMF stand-by facility (USD 648 million) affected the gold and foreign exchange reserves dynamics.

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