The dynamics of the reserves is determined by the receipts in favor of the government and payments for the servicing and repayment of the public debt.
Ukraine’s international reserves increased in November by 9.2% (by $3.347 billion) to $39.925 billion. Reserves rose after falling for two months. This was reported by the press service of the National Bank of Ukraine on Thursday, December 5.
At the same time, compared to the beginning of the year, reserves decreased by 1.4% (by $583 million).
The National Bank noted that the dynamics is due, on the one hand, to the significant amount of receipts from international partners, and on the other hand, to the decrease in the amount of net sales of NBU currency in the foreign exchange market.
The government’s foreign currency accounts with the NBU received $6.678 billion. From this value:
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$4.788 billion – from the World Bank (US aid);
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$1.350 billion – from the USA;
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$235.0 million – from Japan;
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$191.9 million – from the placement of foreign currency government bonds;
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$99.9 million – from South Korea;
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$12.9 million – from other partners.
$433.8 million was paid for the servicing and repayment of the public debt in foreign currency. In addition, Ukraine paid the International Monetary Fund $263.8 million.
We remind you that in October the National Bank sold $3.428 billion in the interbank foreign exchange market, which is 6.7% more than in September.
Banks have imported the highest amount of currency into Ukraine since the beginning of the year
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.