The increase in reserves was due to the inflow of funds from international partners and a decrease in the net sale of currency by the National Bank.
Ukraine’s international reserves increased by 5% in January and amounted to $29.9 billion as of February 1.
This was reported by the press service of the National Bank of Ukraine. “Ukraine’s international reserves as of February 1, 2023, according to preliminary data, amounted to USD 29.9 billion. In January, they increased by 5% thanks to stable inflows from international partners and a decrease in the net sale of foreign currency by the National Bank,” the message reads. .
In particular, during the month, Ukraine received 4.4 billion dollars. USA (equivalent). Of them, 1 billion dollars. – from the USA, 3.3 billion dollars. – from the European Union; 71.6 million dollars. – from the placement of currency bonds of the domestic state loan (OVDP).
“The current volume of international reserves provides financing for 3.7 months of future imports, which is sufficient to fulfill the obligations of Ukraine and current operations of the government and the National Bank,” the financial institution noted.
International reserves of Ukraine
As you know, last year Ukraine received unprecedented global financial support, according to balance sheet data – about 32.1 billion dollars.
The largest amount of financial aid came from the USA – 12 billion dollars, the European Union – 8 billion dollars, the IMF – 2.7 billion dollars, Canada – 1.9 billion dollars. USA, Germany – 1.6 billion dollars.
In general, during 2022, Ukraine’s international reserves decreased by 7.9% due to currency interventions involving the sale of foreign currency to support the hryvnia exchange rate.
