Ukraine's international reserves grew by 8% in 2024 – National Bank of Ukraine
www.pravda.com.ua
Tue, 07 Jan 2025 18:58:44 +0200
Ukraines international reserves increased by 8 in 2024, reaching US43.8 billion as of 1 January 2025, according to the National Bank of Ukraine NBU.
Source NBU press service Details Ukraine received significant worldwide financial assistance last year, amounting around US42 billion.
In addition, the country raised more than US3.5 billion by issuing foreign currency government bonds OVDPs.
This, alongside other international aid, enabled the country to meet US6.7 billion in foreign currency debt servicing and repayment obligations, as well as US3.4 billion in payments to the International Monetary Fund.
It also countered the NBUs net foreign currency sales of US34.8 billion to correct the currency markets structural deficit.
The NBU asserted that the reserves are sufficient to preserve exchange rate stability.
In December, international reserves increased by 9.7, owing to record inflows from international partners that outpaced the National Banks net foreign currency sales and the countrys foreign currency debt repayments.
Background From 30 December 2024 to 3 January 2025, the National Bank sold US744.1 million and purchased US260,000 on the interbank market.
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