Ukraine's International Reserves Surge: Latest Updates
According to the latest data released by the NBU, as of July 1, 2025, Ukraine's international reserves reached $45.1 billion.
The National Bank of Ukraine (NBU) reported that in June 2025, international reserves increased by 1.2%, reaching $45,065.6 million.
The NBU indicated that this increase was driven by significant inflows from international partners, surpassing the net currency sales by the NBU and the country’s foreign debt repayments.
“The volume of international reserves is sufficient to maintain the stability of the currency market,” the regulator emphasized.
Reasons Behind the Growth of Ukraine's International Reserves - Insights from the NBU
The NBU explained that the overall dynamics of reserves were determined by several factors:
First, inflows for the government and payments for servicing and repaying the state debt.
In June, $4,087.3 million was credited to the government’s accounts at the NBU under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative.
Additionally, Ukraine made a payment of $426.2 million to the International Monetary Fund.
Second, operations of the NBU on the Ukrainian currency market.
According to balance sheet data, the NBU sold $2,956.3 million on the currency market and bought back $1.3 million into reserves. Thus, the NBU's net currency sale in June amounted to $2,955.0 million.
Third, the revaluation of financial instruments (due to changes in market value and exchange rates).
In June, the value of financial instruments increased by $337.8 million due to revaluation.
The NBU's statement also noted that the current volume of international reserves ensures financing for 5.6 months of future imports.
