In November, international reserves decreased by 0.5% to USD 38.8 billion.
This is stated in the message of the NBU, Ukrainian News Agency reports.
As of December 1, 2023, Ukraine's international reserves, according to preliminary data, amounted to USD 38,785.2 million.
In November, they decreased by 0.5%.
The NBU's interventions to maintain exchange rate stability and the country's debt payments were largely offset by revenues from international partners.
In general, during November 2023, a number of factors determined the dynamics of international reserves.
According to the balance sheet data, the National Bank sold USD 2,456.6 million on the foreign exchange market and bought back USD 3.7 million to reserves.
Consequently, the net currency sale by the NBU in November amounted to USD 2,452.9 million, decreasing by 1.4 times compared to October after the successful adaptation of the market to the regime of managed flexibility of the exchange rate.
The NBU's currency sales interventions in November were also almost 10% smaller than in September, that is, by the time of the refusal from the fixed rate.
The government's foreign exchange accounts at the National Bank received USD 2,328.7 million.
Of this amount:
- USD 1,635.9 million was macro-financial assistance from the EU;
- USD 403.8 million came from the World Bank, including USD 400.0 million under the guarantee of the United Kingdom;
- USD 286.9 million came from the placement of foreign currency government domestic loan bonds.
The Government of Ukraine paid USD 109.2 million for servicing and repayment of the state debt in foreign currency, of which USD 38.6 million was debt to the European Investment Bank, USD 30.9 million was debt to the World Bank, USD 30.8 million was debt to the European Bank for Reconstruction and Development.
In addition, Ukraine paid USD 250.3 million to the International Monetary Fund.
In November 2023, as a result of the revaluation, the value of financial instruments increased by USD 283.8 million.
The current volume of international reserves provides financing for 5.2 months of future imports.
As Ukrainian News Agency earlier reported, in October, international reserves decreased by 1.9% to USD 38.9 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.
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