Ukraine’s international reserves decreased by 1.8% in January, totaling $43.003 billion as of February 1, the National Bank of Ukraine (NBU) reported.
“As of February 1, Ukraine’s international reserves, according to preliminary data, amounted to $43.003 billion. They decreased by 1.8% in January, but remained close to record levels,” the report said.
The primary factors behind the change in reserve volume were operations in the foreign exchange market and incoming funds from international partners.
In January, the net sale of foreign currency by the central bank decreased by 29.4% MoM. The NBU sold $3.76 billion in the foreign exchange market and bought back $6.6 million to reserves.
The government received EUR 3 billion from the European Union. At the same time, $535.8 million was directed towards servicing and repaying public debt, of which $373.3 million was for foreign-currency domestic government bonds and $85.1 million was for servicing foreign-currency foreign government bonds.
Additionally, in January, the value of financial instruments increased by $401.7 million due to their revaluation.
The current level of international reserves ensures the financing of 5.3 months of future imports.
Ukraine’s international reserves grew by 8% in 2024, reaching $43.8 billion. (Ukrinform)