The amount of gold and foreign exchange reserves influenced the foreign exchange interventions of the National Bank and the payment of the country’s debts.
Ukraine’s international reserves in February decreased by 3.8%, or $1.47 billion, to $37.052 billion. These data were published by the National Bank of Ukraine on Wednesday, March 6.
“This dynamics is due to the foreign exchange interventions of the NBU to maintain the stability of the exchange rate and the payments of the country’s debt in foreign currency, partially offset by receipts from international partners,” said the statement.
Among other factors that determine the amount of reserves, the NBU named operations in the foreign exchange market: in February, the regulator’s net sales of foreign currency reached $1.51 billion, which is 1.4 times less than when January.
The National Bank noted that in February $1.34 billion was transferred to the account of the Cabinet of Ministers in the NBU, and $1.13 billion was paid for the servicing and repayment of the public debt.
The current volume of reserves was positively affected by the revaluation of financial instruments, which added $199.5 million.
“The current volume of international reserves provides financing for 4.9 months of future imports,” said the NBU.
We remind you that in July 2023, Ukraine’s reserves set a historical record of $41.7 billion. After that they refused. Only in December did reserves increase due to foreign exchange earnings from foreign partners.
Source: korrespondent
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