hryvnias

🧐✍🏼Ukraine’s international reserves increased by 4.2% in October and, as of November 1, reached $49.1 billion, according to the National Bank of Ukraine.🇺🇦
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The increase was due to the arrival of international aid from partners and the government’s conversion of foreign currency. Despite the National Bank’s sale of foreign currency, reserves of #Ucrania increased by 4.2% in October.
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A total of $3.69 billion was received in the government’s foreign currency accounts at the National Bank: $3.29 billion from the EU and $404.6 million through World Bank accounts. In addition, Ukraine received $4.6 billion from the #UE under the Ukraine Support Loan for defense purposes; these funds are not included in the reserves due to their specific purpose.
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In October, the government converted $4.6 billion into #hryvnias
The National Bank’s net foreign currency sales amounted to $6.05 billion.
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The current volume of reserves covers 4.2 months of future imports and, according to the National Bank’s assessment, is sufficient to maintain foreign exchange market stability.
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