Non-residents reduced government bonds’ portfolio since year-start – NBU

Deputy Governor of the National Bank of Ukraine Yuriy Heletiy said in an interview with ZN.UA, according to Ukrinform.

"Since the beginning of the year, non-residents have reduced their portfolio by about 10.8 billion. They bought foreign currency for almost USD 450 million," Heletiy said.

He added that along with geopolitical support and de-escalation on the Ukrainian borders, the situation is stabilizing, and non-residents will be interested in investing in Ukrainian securities.

“But globally, given the situation with raising rates by leading banks, there will be a fierce competition between Emerging Markets countries together with Ukraine for attracting the resource of international investors. We should be prepared for this and continue consistent policy and cooperation with the IMF," he said.

As Ukrinform reported, in early January, non-residents began to reduce their portfolio of hryvnia denominated domestic government bonds, which affected the exchange rate. In January, the official exchange rate of hryvnia against the U.S. dollar devalued by 4.3%

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