National Bank of Ukraine cuts interventions to $2.5 bln in Jan

MOSCOW. Feb 2 (Interfax) - The National Bank of Ukraine has reduced the selling of foreign currency to $2,549.1 million in January 2024 versus $3,559.2 million in December, Ukrainian media said with the reference to the bank website.

The website reported an insignificant growth in buying foreign currency to $16 million from $6.1 million a month ago.

As a result, the balance of the National Bank's interventions amounted to $2,533.1 million in January, versus $3,553.0 million in December and $2,452.9 million in November.

As reported, despite the increase in the National Bank's interventions in December, the Finance Ministry managed to attract $5 billion in external financing last month, which ensured an increase in international reserves by 4.4% to $40,507.9 million.

At the same time, external financing dropped to $390 million in January, which will cause a reduction in international reserves by the end of the month.

In January, the National Bank lowered the forecast for Ukraine's international reserves at the end of 2024 to $40.4 billion from $44.7 billion forecasted earlier.