The improvement of the situation in the world commodity markets had a positive impact on Ukrainian exports and made the current account of the balance of payments to return to surplus in April, Head of the National Bank of Ukraine (NBU) Valeriya Gontareva has said at a press conference in Kyiv.
“The growth of [Ukrainian] exports accelerated, this entailed the increase in forex revenues,” she stated.
The NBU head clarified the average daily inflow of currency to banks’ customers in January was $171 million, while in May $231 million.
According to her, the situation in the cash market has also improved.
“The average daily volume of currency cash bought by banks in April almost doubled from January and rose by 34.4% from the previous month, while the average daily volume of currency sales remained almost unchanged. Since the beginning of the year net purchases reached $1.1 billion,” Gontareva said.
The NBU head noted the increase in oil prices in the world markets from $30 to $50 per barrel was accompanied by the rise in Ukrainian steel prices by 46 percent, iron ore by 17 percent.
