Ukraine’s international reserves as of 1 October 2026 totalled $47.1bn. In September, their volume fell by 3.2%.
This was reported by the National Bank of Ukraine.
The NBU noted that the decline in reserves was driven by the regulator’s foreign-exchange interventions and Ukraine’s debt payments in foreign currency. These operations exceeded inflows from international partners and the conversion into hryvnia of funds received under the Ukraine Support Loan programme.
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In September, the National Bank sold $5.45bn on the foreign-exchange market.
$890.4m was credited to the government’s foreign-currency accounts at the NBU via World Bank accounts. In addition, Ukraine received $3.81bn from the European Union as part of a defence tranche under the Ukraine Support Loan programme. In September, the government converted these funds into hryvnia.
At the same time, Ukraine paid $195.7m for servicing and repaying public debt in foreign currency. Of this, $72.3m was allocated to servicing and repaying debt to the World Bank, $8.3m to servicing foreign-currency domestic government bonds, and a further $115.1m to other creditors.
Ukraine also paid $254.3m to the International Monetary Fund.
Due to the revaluation of financial instruments, changes in market value and exchange rates, as well as the impact of other factors, reserves in September additionally fell by $368.3m.
The NBU noted that the current level of international reserves is sufficient to maintain the resilience of the foreign-exchange market. It provides financing for four months of future imports.