International reserves down 1.8% to USD 43 billion in January

As of February 1, 2025, Ukraine's international reserves, according to preliminary data, amounted to USD 43,003.1 million

This is stated in the NBU's message, Ukrainian News Agency reports.

In January, they decreased by 1.8%, but remain close to the record level.

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

Firstly, the operations of the National Bank on the foreign exchange market of Ukraine.

In January 2025, compared to December 2024, the net sale of currency by the National Bank decreased by 29.4%.

According to balance sheet data, the NBU sold USD 3,756.3 million on the foreign exchange market and bought USD 6.6 million to reserves.

Secondly, receipts in favor of the government and payments for servicing and repaying the state debt.

The foreign exchange accounts of the Government of Ukraine with the NBU received EUR 3,000 million from the European Union in January.

Payments for servicing and repaying the government's public debt in foreign currency amounted to USD 535.8 million, of which:

- USD 373.3 million - servicing and repayment of foreign currency government bonds;

- USD 85.1 million - servicing of government foreign loan bonds;

- USD 77.2 million - servicing and repayment of debt to the World Bank;

- USD 0.2 million - payments to other creditors of Ukraine.

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

In January, due to revaluation, the value of financial instruments increased by USD 401.7 million.

The current volume of international reserves provides financing for 5.3 months of future imports.

As Ukrainian News Agency earlier reported, in 2024, international reserves grew by 8% to USD 43.8 billion.

In 2023, Ukraine's international reserves grew by 42% to USD 40.5 billion.

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

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