According to the results of January, they decreased by 5.3%, however, they exceeded the average annual level of 2021.
International reserves of Ukraine in January of this year decreased by 5.3%. In dollar terms, the amount is about 30 billion dollars. amounted to $29,287.1 million. According to the results of January, they decreased by 5.3%, however, they exceeded the average annual level of 2021.
The current volume of international reserves provides financing for 3.6 months of future imports, which is enough to fulfill Ukraine's obligations and the current operations of the government and of the National Bank,
— said the regulator.
What factors determined the dynamics of reserves during January
- NBU operations on the interbank market.
- Debt management operations
- Revaluation of financial instruments, we are talking about changes in market value and exchange rates. Their value decreased by $70.5 million last month.
NBU operations on the interbank market
The regulator noted that in January the demand for foreign currency significantly increased in the foreign exchange market, primarily due to the deterioration of the information environment amid geopolitical tensions. The sale of foreign currency by the National Bank allowed to calm a temporary surge in demand in the foreign exchange market, the regulator believes.
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What is Interbank
Interbank (International Currency Market) is a system of non-cash foreign exchange trading in Ukraine. Only Ukrainian banks can trade on it, and the National Bank acts as a regulator.
Public debt management operations
Payments for servicing and repaying the state debt in January amounted to $416.8 million, of which $186.2 million were used to service and repay domestic government bonds ( OVDP), and the rest — to fulfill other obligations of the state in foreign currency.
Foreign exchange receipts in favor of the government amounted to 146.9 million dollars, including 143.4 million received from the placement of government bonds denominated in foreign currency .