According to preliminary estimates of the National Bank of Ukraine (NBU), Ukraine's international reserves in July fell by 1.8%, or by $572.3 million, to $37.2 billion.

"Such dynamics were driven by the NBU’s FX interventions to compensate for the structural deficit of foreign currency and smooth out exchange rate fluctuations, as well as by Ukraine’s FX debt repayments. These transactions were partially offset by funding received from international partners and inflows from the placement of FX domestic government debt securities," the central bank said on its website on Tuesday.

According to the published information, the National Bank sold $3.307 million on the foreign exchange market and bought $1.8 million for reserves; the NBU's net sale of FX currency in June increased from $2.99 ​​billion to $3.305 billion.

It is noted that $2.48 billion was received into the government's foreign exchange accounts at the National Bank, of which $2.197 billion was from the IMF and $285.7 million was from the placement of foreign exchange government debt securities.

Some $185 million was paid for servicing and repaying the FX public debt, of which $77.0 million was servicing and repaying the debt to the World Bank, $70.5 million was payments on government derivatives, $20.1 million was servicing and repaying FX government debt securities, and $17.4 million was payment to other international creditors.

"In July, financial instruments increased in value by $342.9 million due to revaluation. International reserves are now covering 4.8 months of future imports," the regulator said.