The National Bank of Ukraine published preliminary data showing Ukraine’s international reserves at USD 49,516.3 million as of 1 November 2025, up 6.4% in October and the highest level in the country’s history as an independent state. The increase was attributed to large inflows from international partners that exceeded the National Bank of Ukraine’s net foreign exchange sales and the government’s foreign currency debt servicing and repayments, with reserves covering 5.1 months of future imports. In October, USD 6,398.4 million entered the government’s foreign currency accounts with the National Bank of Ukraine, including USD 4,694.0 million from the EU under the G7 Extraordinary Revenue Acceleration for Ukraine initiative, USD 1,079.4 million via World Bank accounts, USD 507.7 million from domestic government debt securities placements, and USD 117.3 million from the Council of Europe Development Bank. Foreign currency public debt servicing and repayment totalled USD 611.6 million, alongside USD 83.9 million repaid to the International Monetary Fund. The National Bank of Ukraine was a net seller of USD 2,834.1 million on the foreign exchange market (USD 2,834.9 million sold and USD 0.8 million bought), while revaluation gains added USD 126.8 million. The National Bank of Ukraine releases international reserves and foreign exchange liquidity data monthly, publishing preliminary figures no later than the seventh day after month-end and revised data no later than the 21st day.
National Bank of Ukraine 2025-11-07
National Bank of Ukraine reports international reserves at record USD 49.5 billion after 6.4% October increase
The National Bank of Ukraine reported a record high of USD 49,516.3 million in international reserves as of 1 November 2025, a 6.4% increase in October. This rise was driven by significant inflows from international partners, surpassing net foreign exchange sales and foreign currency debt servicing. Reserves now cover 5.1 months of future imports.