The National Bank of Ukraine reported that as of early October, Ukraine’s international reserves amounted to $ 26.5 billion and decreased in September by 8.7%. In general, the dynamics of reserves during September was determined, according to the regulator, by the government’s operations on government debt management, operations in the interbank foreign exchange market and revaluation of financial instruments. It is reported that the total volume of payments for servicing and repaying state and state-guaranteed debt in foreign currency amounted to $ 2 billion 664 800 000.
In September, the National Bank also entered the market with interventions to sell foreign currency – $ 231,500,000. “The current volume of international reserves covers 4.3 months of future imports, which is sufficient to fulfill the obligations of Ukraine and the current operations of the government and the National Bank,” the NBU said. According to the NBU, as of September 1, 2020, Ukraine’s international reserves amounted to more than $ 29 billion.
Thus, during the month, international reserves decreased by $ 2.6 billion, or almost 10%. The then decline in international reserves was the first in the previous four months.