NBU records a decline in foreign reserves: details and reasons.

Reduction of international reserves of Ukraine

As of October 1, 2024, Ukraine's international reserves amounted to $38.9 billion, which is 8.1% lower than the previous month. This information was released by the National Bank of Ukraine.

During September, the main factors contributing to the decline in reserves were currency interventions by the NBU to balance the currency deficit in the market and stabilize the hryvnia exchange rate, as well as debt payments, including the repayment of Ukraine's obligations in foreign currency.

According to the National Bank, $674.7 million was received in September.

$603.6 million - from the placement of currency government bonds

$60.0 million - from the World Bank

$11.1 million - from the Council of Europe Development Bank

At the same Time, payments for servicing and repaying state debt in foreign currency amounted to $552.4 million.

$456.3 million - servicing and repayment of currency government bonds

$52.1 million - payments to the World Bank

$44.0 million - payments to other international creditors

Additionally, $729.8 million was paid to the International Monetary Fund.

The National Bank of Ukraine emphasizes that the proceeds from currency government bonds partially offset the decline in reserves. However, in September, the volume of international assistance was one of the smallest in this year, once again highlighting the irregularity of financial support from international partners.

This situation underscores the importance of stable international financing to ensure financial stability in Ukraine amid challenging economic conditions.