Reserves increased “thanks to continuous receipts” from international partners and a decrease in the sale of foreign currency in the interbank market.
In October, Ukraine’s international reserves increased by $1,314.59 billion (by 5.5%). On November 1, the value of reserves reached $25,244.2 billion, the press service of the National Bank reported the previous day.
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As noted in the NBU, reserves grew “due to stable receipts from international partners and a decrease in the net sale of foreign currency by the National Bank.”
The government’s foreign currency accounts with the NBU received $4,161.3 million. Of these, $1,954.7 million – from the European Union, $1,283.0 million – from the IMF, $498.8 million – from the World Bank and $424.8 million – from the placement of domestic government bonds (OVGZ) denominated in foreign currency.
The Government of Ukraine paid for the servicing and repayment of the state debt in foreign currency in the amount of $684.1 million. Ukraine also paid $85.1 million to the IMF.
In addition, the NBU last month sold $2,094.6 million in the foreign exchange market and bought $47.7 million in reserves. Thus, the National Bank’s net sales of foreign currency in October decreased to $2,046.9 million.
According to the NBU, since the beginning of the year, reserves have decreased by $5,696.76 million (by 18.4%).
Earlier, the National Bank said that the blows of the Russian invaders in the energy sector will affect the reserves of Ukraine – the central bank will have to increase interventions.
The NBU also announced when gold and foreign exchange reserves would return to pre-war levels.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.