The National Bank of Ukraine published preliminary figures showing international reserves reached USD 54,748.0 million as of 1 December 2025, up 10.6% in November and the highest level over the history of independent Ukraine. The increase was attributed to the largest inflows from international partners since the beginning of the year, which exceeded the central bank’s net foreign-exchange sales and foreign-currency debt repayments. Reserves were reported to cover 5.6 months of future imports. Government foreign-currency accounts at the NBU received USD 8,147.7 million, including USD 6,889.7 million from the EU under the G7’s Extraordinary Revenue Acceleration for Ukraine initiative and Ukraine Facility mechanisms, USD 810.4 million via World Bank accounts, USD 332.1 million from the placement of domestic government debt securities, and USD 115.5 million from the Council of Europe Development Bank. Foreign-currency public debt service and repayments totalled USD 493.0 million, alongside USD 282.6 million repaid to the International Monetary Fund. On the FX market, the NBU sold USD 2,728.3 million and bought USD 1.3 million, resulting in net FX sales of USD 2,727.0 million, while revaluation gains added USD 581.7 million. The NBU said international reserves and FX liquidity data are released monthly, with preliminary data published no later than the seventh day after month-end and revised data no later than the 21st day.
National Bank of Ukraine 2025-12-04
National Bank of Ukraine reports international reserves hit record USD 54.7 billion after 10.6% rise in November
The National Bank of Ukraine reported international reserves of USD 54,748.0 million as of 1 December 2025, marking a 10.6% increase in November and the highest level in Ukraine's history. This rise was driven by significant inflows from international partners, surpassing net foreign-exchange sales and debt repayments. Reserves now cover 5.6 months of future imports.