The volume of gold and foreign exchange reserves were affected by debt payments and lower volumes of international aid.
At the end of January, Ukraine’s international reserves fell by nearly 5%, or $1.98 billion, to $38.525 billion. These data were released by the National Bank on Tuesday, February 6.
“This dynamic is due to the foreign exchange interventions of the NBU to maintain the stability of the exchange rate, the country’s debt payments in foreign currency and a lower volume of international aid compared to previous months,” said report.
It is indicated that last month the regulator’s net sales of foreign currency exceeded $2.5 billion, which is 29% lower than the previous month.
At the same time, the NBU noted that in January $898.9 million was transferred to the account of the Cabinet of Ministers, and $441.6 million was paid for the servicing and repayment of the state debt.
The National Bank also reported that the current volume of reserves was positively affected by the revaluation of financial instruments, adding $86.3 million.
“The current volume of international reserves provides financing for 5.1 months of future imports,” the central bank summarized.
Let’s recall that in July 2023, Ukraine’s reserves set a historical record of $41.7 billion. After that, they refused for four consecutive months. Only in December did reserves increase due to foreign exchange earnings from foreign partners.
Source: korrespondent
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