Ukraine's International Reserves Increase in June 2025
As of July 1, 2025, the National Bank of Ukraine (NBU) reported that the country's reserves totaled $45.1 billion.
According to the NBU, international reserves in June 2025 increased by 1.2%, reaching $45,065.6 million.
This uptick is attributed to significant inflows from international partners, which exceeded the net currency sales by the NBU and the country’s foreign debt payments.
«The National Bank emphasizes that the level of international reserves is sufficient to maintain the stability of the currency market», the report states.
Factors Behind the Growth of Ukraine's Reserves - NBU Insights
The NBU explained that the dynamics of reserves were influenced by several key factors:
Firstly, inflows for the government and payments for servicing and repaying public debt.
In June, $4,087.3 million was credited to the government’s currency accounts at the NBU under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative.
Additionally, Ukraine made a payment of $426.2 million to the International Monetary Fund.
Secondly, operations by the NBU in the Ukrainian currency market.
According to balance sheet data, the NBU sold $2,956.3 million in the currency market and purchased $1.3 million for reserves. Thus, the net currency sale by the NBU in June amounted to $2,955.0 million.
Thirdly, the revaluation of financial instruments (due to changes in market values and exchange rates).
In June, the revaluation increased the value of financial instruments by $337.8 million.
The NBU also notes that the current level of international reserves provides financing for 5.6 months of future imports.
