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Ukraine's international reserves at $ 26.1 billion in October

Source : 112 Ukraine

International reserves now cover 4.4 months of future imports
19:00, 6 November 2020

Open source

Preliminary data showed that as of 1 November 2020, Ukraine's international reserves stood at $ 26,14 billion. This was reported by the National Bank of Ukraine (NBU).

In October, the reserves decreased by 1.5%, including as a result of redeeming external and domestic debt of the government and foreign exchange interventions conducted by the NBU to alleviate FX rate fluctuations in the currency market.

Related: Ukraine expects surge in inflation in early 2021, - Economy Ministry

Spending on servicing and repayment of public and publicly guaranteed debt in foreign currency amounted to $ 381.0 million (in the equivalent). Specifically, $ 213.3 million was allocated to the servicing and repayment of domestic government debt securities in foreign currency, and $ 78.0 million – to Eurobonds, while the rest of the funds went to meet the state’s other FX commitments. At the same time FX inflows to the government amounted to $ 188.0 million (in the equivalent).

As we reported earlier, as of October, the international reserves of Ukraine decreased by 2.5 billion dollars and amounted to 26.5 billion dollars. 

In general, the dynamics of reserves during September were determined by the following factors: government's debt management operations; operations of the National Bank on the interbank foreign exchange market; revaluation of financial instruments.

Related: Ukrainian govt to not consider complete halt of economy in case of second wave of Covid-19

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