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National Bank announced a reduction in Ukraine reserves

Photo: NBU PRESCENTER

In January, the regulator sold $ 3.75 billion in the foreign exchange market, while only $ 6.6 million was purchased at the reserve.

According to January results, Ukraine’s international reserves were reduced by 1.8%, or by $ 785 million, and on February 1 cost $ 43 billion.

It is noted that a number of factors influence the dynamics of reserves. In particular, the National Bank’s operation in Ukraine’s foreign exchange market. Thus, in January, compared to December 2024, the regulator’s net sale was reduced by 29.4%, with $ 3.75 billion in the foreign exchange market, and $ 6.6 million were redeemed in reserves.

At the same time, 3 billion euros from the European Union were received at the NBU’s foreign exchange bills at the NBU in January.

At the same time, the Ukrainian government pays $ 535.8 million for maintaining and repaying public debt to foreign currency, where:

  • $ 373.3 million – maintenance and payment of money AC;

  • $ 85.1 million – OPGZ maintenance;

  • $ 77.2 million – World Bank loan maintenance and repayment;

  • $ 0.2 million – payment to other Ukraine creditors.

In addition, the re -evaluation of financial instruments influences the size of the reserves. As a result, reserves increased by $ 401.7 million.

Keep in mind that according to the results of December, Ukraine’s international reserves increased by about 10% to $ 43.8 billion. This is a new historical record.

$ 20 and transfer to Euro: What happens in the foreign exchange market
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Source: korrespondent

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