In September, the dynamics of international reserves was determined by three main factors, the regulator noted.
At the end of September, Ukraine’s international reserves decreased by 8.1% and on October 1 reached $38.9 billion. The National Bank announced this on Monday, October 7.
“Such dynamics are due to the foreign exchange interventions of the NBU to cover the structural deficit of foreign currency in the market and to smooth out changes in the exchange rate, as well as the payments of the country’s debt in foreign currency,” the report said.
According to the regulator, in September the dynamics of international reserves is determined by a number of factors.
First, NBU transactions in the Ukrainian foreign exchange market. More than $3.2 billion was sold in the foreign exchange market and only $0.6 million was bought back into the reserve.
Second, government revenues and payments for servicing and repaying the public debt. The government’s foreign currency accounts at the National Bank received $674.7 million, of which $603.6 million came from the placement of foreign currency government bonds, $60.0 million from the World Bank and $11.1 million from the Council Development Bank Europe .
The National Bank noted that $552.4 million was paid for the servicing and repayment of government debt in foreign currency, of which $456.3 million was for the servicing and repayment of foreign currency government bonds; $52.1 million – World Bank debt servicing and repayment; $44 million – payments to other international creditors.
In addition, Ukraine paid the IMF $729.8 million.
Third, in September, due to the revaluation, the value of financial instruments increased by $381.8 million.
We remind you that in August, Ukraine’s international reserves increased by 13.7% and reached $42.3 billion. This was the first increase after four consecutive months of decline.
It was also reported that in April of this year, Ukraine’s reserves reached a historical maximum of $43.7 billion.
Source: korrespondent
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