International reserves in September up 1.1% to USD 46.5 billion
As of October 1, 2025, Ukraine's international reserves, according to preliminary data, amounted to USD 46,518.6 million, in September they increased by 1.1%.
This is evidenced by NBU data, Ukrainian News Agency reports.
Such dynamics are due to receipts from international partners against the backdrop of a decrease in the volume of net sales of currency by the National Bank on the foreign exchange market.
In total, the dynamics of reserves was determined by a number of factors.
First, receipts in favor of the government and payments for servicing and repayment of the public debt.
In September, the government's foreign exchange accounts with the National Bank received USD 2,900.6 million, including:
- USD 1,431.7 million - through the World Bank accounts;
- USD 1,170.5 million - from the EU within the framework of the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative;
- USD 298.4 million - from the placement of government bonds.
- USD 563.6 million was paid for servicing and repaying the public debt in foreign currency, including:
- USD 464.4 million - servicing and repayment of government bonds;
- USD 62.2 million – servicing and repayment of debt to the World Bank;
- USD 6.4 million – servicing and repayment of debt to the European Investment Bank;
- USD 30.6 million – payments to other creditors.
In addition, Ukraine paid USD 254.4 million to the International Monetary Fund.
Secondly, the operations of the National Bank on the foreign exchange market of Ukraine.
According to balance sheet data, the National Bank sold USD 2,291.5 million on the foreign exchange market and bought USD 1.7 million to reserves.
Thus, the NBU's net sale of currency in September amounted to USD 2,289.8 million, decreasing by 15% compared to August 2025.
Thirdly, the revaluation of financial instruments (due to changes in market value and exchange rates).
In September, due to revaluation, the value of financial instruments increased by USD 690.6 million.
The current volume of international reserves provides financing for 5.1 months of future imports.
As the Ukrainian News agency earlier reported, in 2024, international reserves increased by 8% to USD 43.8 billion.
In 2023, Ukraine's international reserves increased by 42% to USD 40.5 billion.
In 2022, international reserves decreased by 7.9% to USD 28.5 billion.
In 2021, international reserves increased by 6% to USD 30.941 billion.
, on the one hand, to significant volumes of receipts from international partners, and on the other hand, to a decrease in the volume of net sales of currency by the National Bank on the foreign exchange market.
In general, the dynamics of reserves were determined by a number of factors.
Firstly, receipts in favor of the government and payments for servicing and repaying the public debt.
In August, the government's foreign exchange accounts with the National Bank received USD 6,165.1 million, including:
- USD 4,710.8 million - from the EU within the framework of the Ukraine Facility and the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative;
- USD 1,059.7 million – through World Bank accounts;
- USD 394.6 million – from the placement of government bonds.
- USD 619.8 million was paid for servicing and repaying the state debt in foreign currency, including:
- USD 301.6 million – servicing and repaying government bonds;
- USD 257.9 million – servicing and repaying debt to the World Bank;
- USD 15.8 million – servicing and repaying debt to the European Investment Bank;
- USD 44.5 million – payments to other creditors.
In addition, Ukraine paid USD 426.9 million to the International Monetary Fund.
Secondly, the operations of the National Bank on the foreign exchange market of Ukraine.
According to balance sheet data, the National Bank sold USD 2,696.6 million on the foreign exchange market and bought USD 0.6 million to reserves.
Thus, the NBU's net sale of foreign exchange in August amounted to USD 2,696.0 million, down 22% compared to July 2025.
Thirdly, the revaluation of financial instruments (due to changes in market value and exchange rates).
In August, due to revaluation, the value of financial instruments increased by USD 576.5 million.
The current volume of international reserves provides financing for 5.0 months of future imports.
As Ukrainian News Agency earlier reported, in 2024, international reserves grew by 8% to USD 43.8 billion.
In 2023, Ukraine's international reserves grew by 42% to USD 40.5 billion.
In 2022, international reserves decreased by 7.9% to USD 28.5 billion.
In 2021, international reserves grew by 6% to USD 30.941 billion.