Ukraine's international reserves decrease by $2.5 billion

Source : 112 Ukraine

It was caused by the state’s debt payments on foreign liabilities
13:39, 7 October 2020

Open source

As of October, the international reserves of Ukraine decreased by 2.5 billion dollars and amounted to 26.5 billion dollars. This was reported by the National Bank of Ukraine (NBU).

The National Bank explained that the decrease in reserves had been caused by the state’s debt payments on foreign liabilities.

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: Economic decline rate in Ukraine not critical, - EBRD

The NBU notes that the current volume of international reserves covers 4.3 months of future imports which is enough to meet Ukraine’s obligations and current operations of the Ukrainian government and the National Bank.

As we reported earlier, the volume of private money transfers to Ukraine from abroad in the period from January to August 2020 amounted to 7.168 billion dollars.

That is 493 million dollars less than for the same period in 2019 (7.661 billion dollars).

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

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