Ukraine’s international reserves fell by 5% in August — to $48.7 billion
According to preliminary data, Ukraine’s international reserves stood at $48.66 billion as of September 1, 2026. During August, they decreased by 5%. The main reason was a reduction in international financial assistance, despite significant foreign exchange interventions by the NBU.
In August, the National Bank sold $4.85 billion on the foreign exchange market, while purchasing approximately $0.5 million. Net foreign exchange sales totaled $4.85 billion and were one of the key factors behind the decline in reserves.
During the month, $927.3 million was deposited into the government’s foreign exchange accounts at the NBU, of which $894 million came through World Bank accounts and another $33.3 million came from other investors. In addition, reserves increased by approximately $1.63 billion after the government converted into hryvnia a portion of the funds previously received from the EU as part of the Ukraine Support Loan defense tranche.
At the same time, $721.8 million was allocated to service and repay foreign-currency government debt, while payments to the International Monetary Fund totaled another $285.2 million. The revaluation of financial instruments and other factors, on the other hand, increased reserves by $752 million.
The National Bank emphasizes that, despite the decline in August, the current level of international reserves remains sufficient to maintain the stability of Ukraine’s foreign exchange market.
Source: National Bank of Ukraine
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