Ukraine’s international reserves decreased by 6% in September.
As of October 1, 2022, Ukraine’s international reserves amounted to $23.9B. In September, they decreased by 5.9% due to the sale of currency by the National Bank on the interbank market, including sales necessary to meet defense needs and payments to Ukrainians abroad. In September, the NBU sold $2.77B on the foreign exchange market and repurchased $39.4M for its reserves. At the same time, the total amount of funds paid by the government for servicing and repaying state debt in foreign currency amounted to $65.1M. Of this, $63M went to international creditors for debt payments, and $2.1M went to servicing government bonds. In addition, Ukraine paid $624.6M to the IMF. Also in September the NBU revalued financial instruments, reducing their value by $115.5M. The current international reserves are sufficient to provide financing for 3.7 months of future imports.