The National Bank of Ukraine published preliminary data showing that international reserves stood at USD 48,214.7 million as of 1 May 2026, down 7.3% over April. The decline was driven by the central bank’s foreign exchange interventions and by foreign currency public debt servicing and repayments, which exceeded funding raised through the placement of foreign currency domestic government debt securities. Reserves still covered 4.9 months of future imports. Balance sheet data show the NBU sold USD 3,576.7 million on the foreign exchange market in April. Government foreign currency accounts at the NBU received USD 377.9 million, including USD 339.4 million from foreign currency domestic government debt securities and USD 38.5 million via World Bank accounts, while Ukraine also received USD 1,010.0 million under the agreement with the UK as part of the ERA initiative that was excluded from reserves because its use is restricted. Foreign currency public debt servicing and repayments totaled USD 716.6 million, with a further USD 255.3 million repaid to the International Monetary Fund, and revaluation of financial instruments added USD 378.0 million.
National Bank of Ukraine 2026-05-07
National Bank of Ukraine reports international reserves fell 7.3 percent in April to USD 48.2 billion
The National Bank of Ukraine reported that international reserves fell 7.3% in April to USD 48,214.7 million as of 1 May 2026, still covering 4.9 months of future imports. The decline reflected net foreign exchange sales of USD 3,576.7 million and foreign currency public debt servicing and repayments that exceeded inflows from foreign currency domestic government debt securities and other external funding, while revaluation effects added USD 378.0 million.