• 23/06/2024 20:00

The main thing for the week: international reserves rose to a record level, gold reached a new all-time high

International reserves grew by a record 18% in March

The main thing for the week: international reserves rose to a record high, gold reached a new historical high

As of April 1, 2024, Ukraine’s international reserves, according to preliminary data, amounted to $43,762.7. In March they grew by 18%. “This dynamics is due to significant (over $9 billion) volumes of receipts from international partners, which exceeded the net sale of currency by the National Bank and the country’s debt payments in foreign currency,” the regulator said in a statement.

Gold updated the historical record again: is it still possible to make money on the wave of growth

On April 3, the price of gold exceeded $2,300 per ounce for the first time, continuing its weekly rally. Since the beginning of 2024, the metal has already risen in price by almost 11%… How long will this wave of growth last, are there any signs of overheating in the market and is it still worth investing in the noble metal? Let’s look at it in more detail.

The state budget deficit in March exceeded 100 billion UAH – State Treasury

The state budget deficit of Ukraine based on the results of the first quarter is estimated at 197 billion UAH, including in March it amounted to 103 billion UAH, according to data from the State Treasury, writes Forbes.ua .

Gorokhovsky announced the launch of monobank 2.0 What has been updated in the application

On April 4 we are launching an updated version of the application – monobank 2.0. One of the bank’s co-founders, Oleg Gorokhovsky, wrote about this in a telegram channel.

Which of the banks suffered the greatest losses and who earned the most

The number of unprofitable banks decreased threefold: If at the end of 2022 there were 21 of them, then in 2023 there were only 7. The amount of loss decreased immediately by 85 times – from UAH 20.8 billion to UAH 245.4 million.

Banks have reduced lending to businesses and increased financing to the population

The main thing for the week: international reserves rose to a record level, gold reached a new historical high

In 2023, lending to the economy was not a strong point of the banking system; 35 banks reduced lending to businesses. At the same time, financial institutions increased lending to the population. This is evidenced by new data from the NBU, which was analyzed by the Ministry of Finance.

minfin.com.ua

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