Tuesday, 02 January 2024 12:17 GMT

Ukraine's International Reserves Grow To $46 Billion In August


(MENAFN- UkrinForm) That is according to the National Bank of Ukraine (NBU), as reported by Ukrinform.

"Preliminary data shows that as of September 1, 2025, Ukraine's international reserves stood at $46,032.7 million. The 7.0% growth in August was driven by substantial inflows from international partners and a decrease in the National Bank's net foreign currency sales on the market," the statement reads.

According to the NBU, $6.165 billion was credited to the government's foreign currency accounts in August, including: $4.71 billion from the European Union under the Ukraine Facility and the G7's ERA initiative; $1.06 billion via World Bank accounts; $395 million from the placement of domestic government bonds.

Ukraine spent $619.8 million to service and repay foreign currency public debt, and an additional $426.9 million was paid to the International Monetary Fund.

Based on balance sheet data, the National Bank sold $2.6966 billion on the foreign exchange market and purchased just $0.6 million for reserves. This resulted in a net currency sale of $2.696 billion in August-a 22% decrease compared to July.

The regulator also noted that due to asset revaluation, the value of financial instruments rose by $576.5 million in August.

The current level of international reserves is sufficient to cover five months of future imports.

As previously reported by Ukrinform, Ukraine's international reserves decreased by 4.5% in July, totaling $43.0 billion.

Photo credit: Unsplash

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