By KYIV. Dec 6 (Interfax-Ukraine) – Ukraine’s forex reserves, according to preliminary data, in November decreased by $187.8 million, or 0.5%, to $38.785 billion, the National Bank of Ukraine (NBU) reported.
“The NBU’s interventions to maintain exchange rate stability and the country’s debt payments were largely offset by receipts from international partners,” the central bank said in a release on Wednesday.
It is indicated that the National Bank sold $2.457 billion on the foreign exchange market in November and bought back $3.7 million for reserves, net sales decreased by 1.4 times from October and by 10% from September “after the successful adaptation of the market to the managed regime exchange rate flexibility” – to $2.453 billion.
At the same time, last month the government’s foreign currency accounts at the National Bank received $2.329 billion: $1.636 billion– macro-financial assistance from the EU, $403.8 million from the World Bank, including $400 million guaranteed by Great Britain and $286.9 million from the placement of government domestic loan bonds.
In November, the Ukrainian government paid $109.2 million for servicing and repaying the national debt in foreign currency, of which $38.6 million was the debt to the EIB, $30.9 million was the debt to the World Bank, $30.8 million was the debt to the EBRD. In addition, Ukraine paid the International Monetary Fund $250.3 million.
In addition, as a result of revaluation, the value of financial instruments increased by $283.8 million.
“The current volume of international reserves provides financing for 5.2 months of future imports,” the National Bank clarified.
As reported, Ukraine’s international reserves in October decreased by 1.9%, or $735.2 million.
At the end of October, the NBU raised its forecast for international reserves at the end of this year to $41.8 billion from $38.3 billion in the July forecast.
