NBU explained the biggest drop in reserves for the month

In eight months, Ukraine’s international reserves grew $ 3.75 billion and in the ninth they fell almost $ 2.7.

In September, the drop in Ukraine’s international reserves was the largest since the beginning of the year. In the first month of autumn, almost $ 2.7 billion was spent to pay off debts during the peak period, reported the press service of the National Bank.

Overall, in September, reserves fell 8.7% to $ 26.5 billion.

The total volume of payments for service and repayment of the State debt in foreign currency amounted to $ 2,664.8 million (in equivalent). In particular, 2,211.7 million dollars were spent on the servicing and repayment of Eurobonds, 417.4 million dollars, to meet the obligations with the IMF.

At the same time, foreign exchange earnings in favor of the government amounted to $ 445 million, including $ 111.9 million from the placement of government bonds.

It is also observed that in September the demand for foreign currency exceeded the supply due to the reactivation of business activity, in particular the activation of importers and companies that bought foreign currency to pay off external debts. In this regard, the central bank spent 231.5 million dollars to maintain the hryvnia. And he bought only $ 34 million in one month;

In addition, due to changes in exchange rates, the value of financial instruments decreased by $ 105.7 million.

Note that in January-August, reserves increased 14.8%, or $ 3,746.55 million.

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