Investor Presentaiton
June 2021
Source NBU
Accumulated international reserves
Comments
Gross international reserves grew by 9.7% (y-o-y) and
reached US$ 27.8bn as of June 1, 2021 (covering 4.2
months of future imports)
Maintained high levels of FX reserves and floating FX rate
policy are the most influential factors providing strong buffer
for Ukraine on the back of the current crisis (vs previous ones)
Over May 2021, the international reserves decreased on the
back of new FX domestic placements (US$ 354.3m),
government transactions to repay public debt (US$ 650.6m),
and financial instruments revaluation gain (US$ 136.8m). The
interbank FX market was balanced in May, meaning the NBU
did not have to make FX interventions.
Gross international reserves by instrument (Jun 1, 2021)
Gross and net international reserves (eop), US$ bn
GN NW
Months of
imports
35
30
3.4x
4.0x
4.8x
4.2x
29.0
29.1
27.8
27.0
26.1
25
22.0
20.8
19.4
20
15
10
15
Jan-19
Feb-19
Mar-19
Gross international reserves by currency (Jun 1, 2021)
202%
6%
11%
■Securities (rating A)
■ USD
19%
6%
Securities (rating AA)
■ EUR
8%
■ GBP
US$ 27.8bn
Jun 1, 2021
8%
■Securities (rating AAA)
US$ 27.8bn
Jun 1, 2021
■ JPY
■ CNY
56%
■ Monetary gold
Banknotes, current accounts,
time deposits
80%
■ Gold
■ Other
Mar-21
Apr-21
May-21
BA
11View entire presentation