International reserves in November increased by 9.1% to USD 39.9 billion

As of December 1, 2024, Ukraine's international reserves, according to preliminary data, amounted to USD 39,924.7 million.

This is evidenced by data from the National Bank of Ukraine (NBU), Ukrainian News Agency reports.

In November, they increased by 9.1%. Such dynamics are due, on the one hand, to significant volumes of receipts from international partners, and on the other, to a decrease in the volume of net sales of currency by the National Bank on the foreign exchange market.

In general, the dynamics of reserves was determined by a number of factors.

First, receipts in favor of the government and payments for servicing and repaying the public debt.

The government's foreign exchange accounts with the National Bank received USD 6,677.7 million. Of this amount:

- USD 4,788.0 million - from the World Bank;

- USD 1,350.0 million - from the United States;

- USD 235.0 million - from Japan;

- USD 191.9 million - from the placement of foreign currency government domestic loan bonds;

- USD 99.9 million - from South Korea;

- USD 12.9 million - from other partners.

USD 433.8 million was paid for servicing and repaying the state debt in foreign currency, of which:

USD 311.0 million - servicing and repaying foreign currency government domestic loan bonds;

USD 44.7 million - servicing and repaying debt to the EIB;

USD 29.5 million - servicing and repaying debt to the EBRD;

USD 21.2 million - servicing and repaying debt to the World Bank;

USD 27.4 million - payments to other international creditors.

In addition, Ukraine paid USD 263.8 million to the International Monetary Fund.

Secondly, the operations of the National Bank in the foreign exchange market of Ukraine.

According to balance sheet data, the National Bank sold USD 2,712.0 million on the foreign exchange market and bought USD 4.4 million to reserves.

Thus, the NBU's net sale of foreign exchange in November amounted to USD 2,707.6 million, which is 21% less than in October.

Thirdly, the revaluation of financial instruments (due to changes in market value and exchange rates).

In November, due to revaluation, the value of financial instruments increased by USD 71.9 million.

The current volume of international reserves provides financing for 5.0 months of future imports.

As Ukrainian News Agency earlier reported, Ukraine's international reserves increased by 42% in 2023 and exceeded USD 40.5 billion.

In 2022, international reserves decreased by 7.9% to USD 28.5 billion.

In 2021, international reserves increased by 6% to USD 30.941 billion.