The National Bank of Ukraine has announced a reduction in the country's international reserves. As of February 1, 2025, they amounted to $ 43 billion, which is 1.8% (or $ 785 million) less than a month earlier.
The dynamics of reserves was influenced by a number of economic factors, including:
- National Bank operations on the foreign exchange market . In January 2025, the regulator sold $ 3.75 billion in the foreign exchange market, which is 29.4% less than in December 2024. At the same time, only $ 6.6 million was redeemed.
- Revenues from international partners . The Ukrainian government received 3 billion euros of financial assistance from the European Union, which partially offset the state expenditures.
- Public debt payments. The total amount of payments in January amounted to $ 535.8 million, of which:
- $ 373.3 million was aimed at servicing and repaying foreign exchange T -bills;
- $ 85.1 million - for the maintenance of external government loan bonds (OSDP);
- $ 77.2 million - for payments to the World Bank;
- $ 0.2 million - other creditors.
- Revaluation of financial instruments . Due to this process, reserves increased by $ 401.7 million.
Although reducing reserves is not critical, the tendency to reduce them can affect the foreign exchange market and the country's financial stability. Further balance will depend on new revenues on international partners, the state of the NBU's economy and strategy for currency regulation.
