KYIV, Aug 6 – Ukraine's forex reserves in July 2019 grew by $1.2 billion or 5.8%, to $21.84 billion thanks to net purchase of hard currency on the interbank currency market by the National Bank of Ukraine (NBU), according to preliminary data posted on the central bank's website.

According to the report, the favorable situation in the foreign exchange market, which has arisen in connection with an increase in nonresidents' interest in hryvnia government domestic loan bonds, as well as the preservation of a positive pricing environment for Ukrainian exports and moderate volumes of imports, led to a significant excess of foreign currency supply over demand.