National Bank of Ukraine reports international reserves rose 10.2% to USD 46.7 billion in April

The National Bank of Ukraine reported that Ukraine’s international reserves stood at USD 46,683.1 million as of 1 May 2025, after rising 10.2% over April. The increase was attributed to large inflows from international partners and the National Bank of Ukraine’s lowest net foreign exchange sales since April 2024. Government foreign currency accounts at the National Bank of Ukraine received USD 6,347.6 million, including USD 4,861.6 million from the European Union under the Ukraine Facility and the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative, USD 1,294.0 million via the World Bank, and USD 192.0 million from placements of domestic government debt securities. Separately, Ukraine received USD 992.0 million from the United Kingdom under the ERA framework, but these funds were excluded from reserves due to restricted use. Outflows included USD 517.9 million for servicing and repaying foreign currency public debt plus USD 82.1 million repaid to the International Monetary Fund; the National Bank of Ukraine sold USD 2,208.7 million and bought USD 17.5 million in the foreign exchange market, while revaluation gains added USD 742.5 million. Reserves were reported to cover 5.6 months of future imports. The National Bank of Ukraine noted that preliminary international reserve and foreign exchange liquidity data are published monthly no later than the seventh day after the reporting month ends, with revised data released no later than the 21st day.