By KYIV. Nov 8(Interfax-Ukraine) – Ukraine’s international reserves as of November 1, 2022, according to preliminary data, amounted to $25.244 billion (in equivalent), which is 5.5% more than at the beginning of October ($23.930 billion), according to data from the National Bank of Ukraine.
"As of November 1, 2022, Ukraine’s international reserves, according to preliminary data, amounted to $25.244 billion. In October, they increased by 5.5% due to steady receipts from international partners and a decrease in the net sale of foreign currency by the National Bank," the regulator explained.
The National Bank clarified that net international reserves in October increased by 0.6%, or $89 million, to $15.273 billion, while in September their decline was 4.6%, or $736 million (to $15.181 billion).
According to the regulator, in October 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 at the NBU in October amounted to $4.161 billion, including from the EU – $1.955 billion, from the IMF – $1.283 billion, from the World Bank – $498.8 million, and from the placement of government bonds – $424.8 million.
The total amount of government payments for servicing and repaying state debt in foreign currency amounted to $684.1 million, including $38.1 million directed to repay debt to international creditors, $561.5 million – to service government bonds, $84.5 – the World Bank loan.
In addition, Ukraine transferred $85.1 million to the IMF.
International reserves were also affected by NBU operations on the interbank market. In particular, it sold $2.095 billion on the foreign exchange market and bought $47.7 million into reserves, due to which the balance of interventions was negative and amounted to $2.046 billion.
In addition, the reserves were affected by the revaluation of financial instruments, in particular, their decrease by $33.2 million.
"The current volume of international reserves provides funding for 3.2 months of future imports, which is enough to meet the obligations of Ukraine and the current operations of the government and the National Bank," the regulator said.
As reported, at the beginning of 2022, Ukraine’s international reserves amounted to $30.941 billion, net international reserves – $20.767 billion.
