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Increase in Ukraine's International Reserves: NBU Reports

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As of July 1, 2025, Ukraine's international reserves amounted to $45.1 billion, according to the NBU.

The National Bank of Ukraine reported that in June 2025, reserves increased by 1.2%, reaching $45,065.6 million USD.

This growth is attributed to significant inflows from international partners, exceeding the net foreign currency sales by the NBU and the country's foreign currency debt repayments.

The regulator emphasizes that the volume of international reserves is sufficient to maintain the stability of the currency market.

Reasons for the increase in Ukraine's international reserves, according to the NBU

The NBU explained that several factors influenced the dynamics of reserves:

First, inflows to the government and payments for servicing and repaying state debt.

In June, $4,087.3 million USD was credited to the government's foreign currency accounts at the NBU under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative.

Additionally, Ukraine paid $426.2 million USD to the International Monetary Fund.

Second, the operations of the NBU in the Ukrainian currency market.

According to balance data, the NBU sold $2,956.3 million USD on the currency market and bought back $1.3 million USD into reserves. Therefore, the net foreign currency sales by the NBU in June amounted to $2,955.0 million USD.

Third, the revaluation of financial instruments (due to changes in market value and currency rates).

In June, revaluation increased the value of financial instruments by $337.8 million USD.

The NBU's announcement also notes that the current volume of international reserves provides funding for 5.6 months of future imports.