As of October 1, 2024, Ukraine's international reserves amounted to $38.9 billion, reflecting an 8.1% decrease in September.
This was reported by the National Bank of Ukraine.
"According to preliminary data, as of October 1, 2024, Ukraine's international reserves stood at $38,898.6 million. In September, they decreased by 8.1%. This trend was due to the currency interventions of the NBU to cover the structural currency deficit in the market and smooth exchange rate fluctuations, as well as the country's debt payments in foreign currency," the report stated.
Throughout September 2024, the dynamics of international reserves were influenced by several factors.
Firstly, the operations of the National Bank on the foreign exchange market. The NBU sold $3,213.8 million in the currency market and bought back $0.6 million into reserves. Thus, the net sale of currency by the NBU in September amounted to $3,213.2 million.
Secondly, funds received for the government and payments for servicing and repaying state debt. A total of $674.7 million was credited to the government's foreign currency accounts at the National Bank, of which $603.6 million came from the placement of foreign currency government bonds, $60.0 million from the World Bank, and $11.1 million from the Council of Europe Development Bank.
The NBU noted that $552.4 million was paid for servicing and repaying state debt in foreign currency, including $456.3 million for servicing and repaying foreign currency government bonds; $52.1 million for servicing and repaying debt to the World Bank; and $44 million for payments to other international creditors.
Additionally, Ukraine made a payment of $729.8 million to the International Monetary Fund.
Thirdly, in September, the value of financial instruments increased by $381.8 million due to revaluation.
