In February, Ukraine did not receive the trenches of international assistance and made a lot of payments for the maintenance and repayment of public debt.
In February, Ukraine’s international reserve was reduced by 6.7%, or by $ 2.858 billion and until March 1 would cost $ 40.145 billion. It was announced by the National Bank on Friday, March 7.
“Such dynamics are determined by the interventions of the NBU foreign exchange and the country’s debt payments on foreign currency. These operations have been partially repaid by receipts from the placement of foreign exchanges of internal state’s internal partners (OVGZ Money) in the absence of revenue from international partners. Despite the reduction, the volume of international reserves is sufficient to maintain the money.
The main factors of changes in the volume of reserves are operations in the foreign exchange market and public debt repayment.
In particular, in February, compared to January, the National Bank’s net sale was reduced by 19.4%. The NBU sells $ 3.022 billion in the foreign exchange market and bought $ 0.5 million in reserves.
Government foreign exchange accounts have received $ 255 million from the placement of foreign exchange oats. At the same time, 341.6 million dollars were allocated to maintain and repay the public debt, of which 275.3 million – a debt to the World Bank, and 12.2 million – for maintaining foreign exchange AC. In addition, Ukraine paid the IMF 428.9 million dollars. USA.
Also in February, the cost of financial instruments increased by $ 673.4 million due to their review.
The NBU emphasized that, despite the reduction, the volume of international reserves is sufficient to maintain the stability of the foreign exchange market and ensure the funding of 4.9 months of future imports.
Recall that in January, Ukraine’s international reserve was reduced by 1.8% and until February 1 cost a little to $ 43 billion.
And according to the results of December 2024, the international Ukraine reserve increased by nearly 10% to $ 43.8 billion. This is a new historical record.
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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.