OREANDA-NEWS. August 10, 2012. In July 2012, as in the previous months, the foreign exchange earnings from non-residents continued to exceed transfers in favor of non-residents. The average daily net demand for foreign exchange has dropped in the interbank foreign exchange market, including in its cash segment.

As of 1 August 2012, the international reserves exceeded USD 30 billion (in the equivalent), having grown by 2.6 % in July. The international reserves are deemed sufficient enough to finance future imports of goods and services for 3.3 months. The proceeds raised by the Government of Ukraine from the placement of government external debt bonds contributed to an upward trend in the international reserves. The repayment and servicing of external public debt and state-guaranteed debt was effected on a timely basis.

In July, the exchange rate of hryvnia against US dollar on cashless transactions declined by 0.24 % to UAH 8.0669 per USD 1 in the interbank foreign exchange market of Ukraine. In the cash foreign exchange market, the exchange rate of hryvnia against US dollar dropped by 0.17 % to UAH 8.1179 per USD 1

The official exchange rate of hryvnia has decreased against US dollar by 0.01 % to UAH 7.9930 per USD 1. The hryvnia has weakened against Russian ruble by 3.07 % to UAH 2.4832 per RUR 10 and appreciated against EUR by 1.83 % to UAH 9.7882 per EUR 1.