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As of 1 December 2024, Ukraine’s international reserves amounted to USD 39.92 billion, up 9.1% month-on-month. This was reported by the National Bank of Ukraine.
The main factors behind the growth in reserves were significant inflows from international partners and a reduction in the NBU’s net foreign exchange sales in the FX market.
Receipts from partners
In November, the government’s accounts with the NBU received USD 6.68 billion. USD. Among the key sources:
- The World Bank – USD 4.79 billion;
- USD 1.35 billion;
- Japan – USD 235 million;
- South Korea – USD 99.9 million;
- Placement of foreign currency domestic government bonds – USD 191.9 million;
- Other partners provided USD 12.9 million.
Public debt payments
In particular, Ukraine spent USD 433.8 million on servicing and repaying its public debt:
- USD 311 million – for foreign currency government bonds;
- 44.7 million – debt to the European Investment Bank (EIB);
- 29.5 million – debt to the European Bank for Reconstruction and Development (EBRD);
- USD 21.2 million – payments to the World Bank;
- USD 27.4 million to other creditors.
In addition, Ukraine paid USD 263.8 million on its obligations to the International Monetary Fund.
NBU operations in the foreign exchange market
The NBU sold USD 2.71 billion, while purchasing USD 4.4 million in reserves. Thus, net foreign exchange sales amounted to USD 2.71 billion, down 21% from October.Due to the revaluation of financial instruments, reserves increased by USD 71.9 million.
