Investor Presentaiton
September 2021
Accumulated international reserves
Comments
Gross international reserves increased by 9.2% (m-o-m)
and reached US$ 31.6bn as of Sep 1, 2021 (covering 4.4
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 downturn
Allocation of US$ 2.7bn by the IMF was the main contributor
of the reserves increase during August 2021. In addition, the
international reserves increased on the back of NBU's net
FX purchase (US$ 348.3m), and FX domestic placements
(US$ 8.8m). Government transactions to repay public debt
(US$ 392.3m), and financial instruments revaluation loss
(US$ 31.6m) have slightly offset this impact
Gross and net international reserves (eop), US$ bn
Months of
imports
35
30
1125
20
10
10
5
3.4x
4.0x
4.8x
29.0
27.0
22.0
20.8
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
4.4x
31.6
■Securities (rating A)
■Securities (rating AA)
7%
Gross international reserves by instrument (Sep 1, 2021)
17%
21%
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Gross international reserves by currency (Sep 1, 2021)
20393% 5%
Aug-21
■ USD
- EUR
9%
■ GBP
5%
US$ 31.6bn
Sept 1, 2021
■Securities (rating AAA)
US$ 31.6bn
Sept 1, 2021
■ JPY
■ Monetary gold
■ CNY
■Banknotes, current accounts,
78%
■ Gold
Source NBU
50%
time deposits
■ Other
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