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KYIV. Dec 6 (Interfax-Ukraine) – As of December 1, 2022, Ukraine’s international reserves, according to preliminary data, amounted to $27.951 billion (in equivalent), which is 10.7% more than at the beginning of November ($25.244 billion), according to data from the National Bank of Ukraine (NBU) released on Tuesday.
"As of December 1, 2022, Ukraine’s international reserves, according to preliminary data, amounted to $27.951 billion. In November, reserves grew by 10.7% due to stable receipts of international assistance, smaller net sales of foreign currency by the National Bank and moderate debt payments of the country in foreign currency," the regulator said.
The National Bank said that net international reserves in November rise by 16.1%, or $2.463 billion, to $17.736 billion, while in October their growth was 0.6%, or $89 million (to $15.273 billion).
According to the regulator, in November the dynamics of international reserves was affected by public debt management operations. In particular, foreign exchange receipts to the accounts of the government of Ukraine with the NBU in November amounted to $4.617 billion, including$2.53 billion from the EU, $1.5 billion from the United States through the World Bank Trust Fund, $517.8 million from the placement of government bonds and $69.1 million from other international creditors.
The total volume of government payments for servicing and repaying state debt in foreign currency amounted to $605 million, including $46.6 million directed to repay debt to international creditors, $521.4 million to service government bonds, and $37 to debt to the EBRD.
In addition, Ukraine repaid $118.8 million to the IMF.
International reserves were also affected by NBU operations on the interbank market. In particular, they sold $1.633 billion on the foreign exchange market and bought $63.9 million into reserves, due to which the balance of interventions was negative and amounted to $1.569 billion.
In addition, reserves were influenced by a revaluation of financial instruments – they climbed in value by $380.7 million.
"The current volume of FX reserves covers 4.6 months of Current External Payments (CXP), sufficient for Ukraine to meet its commitments, and for the government and the NBU to make their current transactions," the regulator said.
As reported, at the beginning of 2022, Ukraine’s international reserves totaled $30.941 billion, net international reserves (NIR) reached $20.767 billion.
