The National Bank of Ukraine released preliminary data showing Ukraine’s international reserves at USD 54.8 billion as of 1 March 2026, down 5.0% over February. The decline was driven by foreign exchange (FX) interventions and FX public debt repayments, partially offset by funding from international partners and proceeds from the placement of FX domestic government debt securities; the NBU assessed reserves as sufficient to maintain FX market sustainability. In February, the NBU’s net FX sales fell 19.8% month-on-month, with USD 2,989.5 million sold in the FX market (balance-sheet data). Government FX accounts at the NBU received USD 1,000.4 million, comprising USD 690.8 million via World Bank accounts under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative and USD 309.6 million from domestic government debt securities issuance. Spending on servicing and repaying FX public debt totalled USD 804.1 million (USD 472.2 million for servicing and redeeming FX domestic government debt securities and USD 331.9 million to other creditors), alongside USD 279.7 million repaid to the International Monetary Fund; revaluation added USD 152.5 million. Reserves covered 5.7 months of future imports. The NBU compiles and releases international reserves and FX liquidity data monthly, publishing preliminary figures no later than the seventh day after month-end and revised data no later than the 21st day after month-end.
National Bank of Ukraine 2026-03-06
National Bank of Ukraine reports international reserves of USD 54.8 billion after a 5.0% February decline
The National Bank of Ukraine reported a 5.0% decline in international reserves to USD 54.8 billion as of 1 March 2026, due to FX interventions and public debt repayments, partially offset by international funding and domestic debt securities. February saw a 19.8% decrease in net FX sales, with significant contributions from the G7 ERA initiative and domestic securities issuance. Reserves are deemed sufficient, covering 5.7 months of future imports.