The National Bank of Ukraine published preliminary data showing Ukraine’s international reserves at USD 45,726.6 million as of 1 June 2026, down 5.2% over May. The decline reflected the Bank’s foreign exchange interventions and Ukraine’s foreign currency debt servicing and repayments, which exceeded funding received from the placement of foreign currency domestic government debt securities and from international partners. Even after the fall, reserves covered 4.7 months of future imports. On the foreign exchange market, the National Bank of Ukraine sold USD 3,134.9 million in May, while net FX sales were 12.4% lower than in April. Government foreign currency accounts at the central bank received USD 599.2 million, including USD 498.8 million via World Bank accounts and USD 100.4 million from FX domestic government debt securities. At the same time, USD 126.2 million was spent on servicing and repaying FX public debt, and Ukraine made an additional USD 274.9 million repayment to the International Monetary Fund. Revaluation of financial instruments and other factors added USD 441.9 million to reserves. The Bank said preliminary reserve and FX liquidity data are released no later than the seventh day after month end, with revised data published no later than the twenty-first day.
National Bank of Ukraine2026-06-05
National Bank of Ukraine reports international reserves fell 5.2% to USD 45.7 billion on FX interventions and debt repayments
The National Bank of Ukraine reported preliminary international reserves of USD 45,726.6 million as of 1 June 2026, a 5.2% decline over May, still covering 4.7 months of future imports. The decrease reflected foreign exchange interventions and public foreign currency debt servicing and repayments exceeding inflows from foreign currency domestic government debt securities and international partners, partly offset by USD 441.9 million from revaluation and other factors.