Ukraine's International Reserves Fell By 5% In August
“Ukraine's international reserves stood at $48,662.2 million as of September 1, 2026, according to preliminary data. They decreased by 5.0% in August. This decline was driven by a reduction in international financial assistance, while foreign exchange interventions remained at a level close to that of July,” the statement said.
Overall, several factors shaped the dynamics of international reserves in August 2026.
First, the NBU sold $4.85 billion on the foreign exchange market in August and purchased $0.5 million. Net foreign exchange sales amounted to $4.85 billion.
Second, the government's foreign currency accounts at the National Bank received $927.3 million in August, including $894.0 million through World Bank accounts and $33.3 million from other investors.
International reserves also increased by $1.63 billion after the government converted into hryvnias a corresponding amount of funds Ukraine had previously received from the European Union under the defense tranche of the Ukraine Support Loan program.
A total of $721.8 million was paid to service and repay public debt denominated in foreign currency, including $357.9 million to the World Bank and $288.7 million in interest payments on domestic government bonds denominated in foreign currency (OVDPs).
In addition, Ukraine paid $285.2 million to the International Monetary Fund (IMF).
International reserves also increased by $752.0 million in August as a result of the revaluation of financial instruments and other factors.
The NBU concluded that the current level of international reserves is sufficient to finance 4.0 months of future imports.
Read also: Dombrovskis and Koretsky discuss Ukraine's financial needs - European Commission reveals details
As previously reported, Ukraine's international reserves fell by 0.1% in July 2026, standing at $51.2 billion as of August 1.
Photo via the NBU
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