As of December 1, Ukraine’s international reserves amounted to $ 21.93 billion (equivalent). In November, they grew by 2.5%, according to the press service of the National Bank of Ukraine (NBU).

The NBU noted that the increase in international reserves is due primarily to the maintenance of a favorable situation in the foreign exchange market..

In general, the dynamics of reserves during the month was determined by the following factors:.

First, NBU operations in the interbank foreign exchange market. Despite a significant slowdown in the inflow of foreign capital in government bonds, the supply of foreign currency in the market remained significantly greater than the demand due to substantial sales of foreign currency by exporters. This allowed the National Bank to replenish international reserves by $ 897.8 million (net purchase). In particular, 777.8 million were bought at a single rate and $ 120 million through the choice of the best rate.. The NBU did not conduct any interventions on the sale of currency during the month.

Secondly, government debt management operations. In total, 644.7 million (in equivalent) was allocated for servicing and paying off the state debt in foreign currency. Of this amount, 425.5 million euros were paid on government bonds), $ 9.2 million on eurobonds (government bonds). In addition, 84.4 million are aimed at fulfilling the obligations of the government and the NBU to the IMF. The remaining funds were paid for other obligations to foreign creditors and international financial organizations.. These expenses were partially offset by revenues to the government of $ 304.

9 million from the placement of government bonds denominated in foreign currency..

Thirdly, revaluation of financial instruments (change in market value and hryvnia exchange rate to foreign currencies). Last month, their value decreased by $ 29.6 million (equivalent).

The NBU emphasized that such a volume of international reserves covers 3.4 months of future imports, which is sufficient to fulfill the obligations of Ukraine and current operations of the government and the NBU. It is reported by LIGABusinessInform.