By Clement Bigot, investor and consultant in international relations – October 5, 2021
As of August 31, 2021, Ukraine’s official reserve assets amounted to USD 31,614.1 million, while monetary gold (including gold deposits and gold in swaps) was only USD 1,542.9 million (4.88% of total reserves). The lion’s share of Ukraine’s international reserves are assets in convertible currencies (securities, currency and deposits), reported the Ukraine’s National Bank.
In August, Ukraine’s reserves increased by 9.2% due primarily to the receipt of funds in the amount of 1928.2 million special drawing rights (SDRs) within the total distribution from the IMF.
Danil Getmantsev, a member of the Ukrainian Parliament from the Servant of the People, chairman of the parliamentary committee on finance, tax and customs policy, published on his telegram channel that : “NBU’s gold and foreign exchange reserves as of September 1, 2021 amounted to 31.6 billion dollars, which is 8% more than a year earlier. […] our gold and foreign exchange reserves reached the level of April 2012.”
Read also : Poland wants to increase its gold reserves
The Ukrainian Prime Minister Denis Shmygal announced on September 14 that Ukraine would receive another tranche from the International Monetary Fund in the amount of $ 750 million in November-December this year.
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© Copyright 2021 – Clement Bigot, investor and consultant in international relations.