In December 2024, they increased by 9.7% compared to November, driven by foreign currency inflows from international partners, which surpassed the net currency sales by the National Bank and the country's foreign currency debt repayments. December set a new historical record, slightly exceeding the previous achievement from March 2024 ($43.767 billion).
Overall, the dynamics of reserves in December 2024 were influenced by several factors.
Firstly, inflows for the government and payments for servicing and repaying state debt.
A total of $9.461 billion was deposited into the government's currency accounts at the National Bank. This amount included:
- $4.411 billion — macro-financial assistance from the EU;
- $3.935 billion — from the World Bank, including through the DPL mechanism from the USA, Japan, and the UK;
- $1.088 billion — from the IMF;
- $25.9 million — from other creditors.
The Ukrainian government paid $132.6 million for servicing and repaying state debt in foreign currency, of which:
- $75.2 million — debt to the World Bank;
- $4.5 million — debt to the EBRD;
- $52.9 million — debt to other international creditors.
Additionally, Ukraine paid $252.0 million to the International Monetary Fund.