In December, international reserves up 9.7% to record-breaking USD 43.8 billion, in 2024 - by 8%
As of January 1, 2025, Ukraine's international reserves, according to preliminary data, amounted to USD 43,787.6 million.
This is stated in the NBU report, Ukrainian News Agency reports.
In December 2024, they increased by 9.7% compared to November due to foreign exchange receipts from international partners, which exceeded the net sale of currency by the National Bank and the country's debt payments in foreign currency.
In general, the dynamics of reserves in December 2024 was determined by a number of factors.
First, receipts in favor of the government and payments for servicing and repaying the state debt.
The government's foreign exchange accounts with the National Bank received USD 9,461.1 million. Of this amount:
USD 4,411.1 million - macro-financial assistance from the EU;
USD 3,935.3 million - from the World Bank, including through the DPL mechanism from the USA, Japan and the UK;
USD 1,088.8 million - from the IMF;
USD 25.9 million - from other creditors.
The Government of Ukraine paid USD 132.6 million for servicing and repaying the state debt in foreign currency, of which:
USD 75.2 million - debt to the World Bank;
USD 4.5 million - debt to the EBRD;
USD 52.9 million - debt to other international creditors.
In addition, Ukraine paid USD 252.0 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 5,308.9 million on the foreign exchange market and bought USD 0.4 million to reserves.
Thus, the NBU's net sale of foreign exchange in December amounted to USD 5,308.5 million, almost doubling compared to November.
The increase in the NBU's interventions to sell foreign exchange last month is primarily due to the traditional seasonal factor - the activation of budget expenditures and business operations at the end of the year.
Thirdly, the revaluation of financial instruments (due to changes in market value and exchange rates).
In December, the value of financial instruments increased by USD 92.4 million as a result of revaluation.
In general, during 2024, Ukraine's international reserves increased by 8%.
Last year, Ukraine received strong global financial support - about USD 42 billion, according to balance sheet data.
The largest financial assistance came from the European Union - USD 17.5 billion, the United States - USD 6.8 billion, the World Bank - USD 6.1 billion, the IMF - USD 5.3 billion, Japan - USD 4.3 billion, the United States - USD 1.8 billion, Canada - USD 1.8 billion.
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.