January 8, 2025
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Ukraine’s international reserves grew by 8% last year

International reserves of Ukraine for 2024 increased by 8% and amounted to 43.8 billion US dollars.”, — write: www.ukrinform.ua

International reserves of Ukraine for 2024 increased by 8% and amounted to 43.8 billion US dollars.

This was reported by the National Bank of Ukraine, Ukrinform reports.

“Ukraine’s international reserves as of January 1, 2025, according to preliminary data, amounted to USD 43,787.6 million. In December 2024, they increased by 9.7% compared to November thanks to foreign exchange receipts from international partners, which exceeded the net sale of foreign currency to the National by the bank and debt payments of the country in foreign currency,” the message reads.

Thus, in December, 9.5 billion dollars were deposited into the government’s currency accounts at the NBU. Of this amount, 4.4 billion dollars – macro-financial assistance from the EU, 3.9 billion dollars – from the World Bank, 1.1 billion dollars – from the IMF.

In December, as a result of revaluation, the value of financial instruments increased by $92.4 million.

In addition, the country received more than 3.5 billion dollars thanks to the placement of foreign currency bonds. This, together with international aid, made it possible to offset payments for servicing and repayment of the national debt in foreign currency ($6.7 billion) and IMF payments ($3.4 billion). The current amount of international reserves provides financing for 5.5 months of future imports.

“In 2025, Ukraine expects to receive about 38 billion US dollars from international partners. Therefore, the NBU’s ability to maintain a sufficient level of international reserves and ensure the stability of the foreign exchange market will remain high,” noted the head of the National Bank Andriy Pishnyi.

Read also: The deficit of the state budget of Ukraine in 2024 reached about ₴1.77 trillion As reported by Ukrinform, Ukraine’s international reserves increased by 9.1% in November and amounted to USD 39.9 billion on December 1, 2024.

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