Ukraine's international reserves at the end of October 2026 increased by 4.2% and as of November 1 stood at 49.08 billion dollars. The growth was driven by inflows from international partners, which exceeded the National Bank's spending on foreign exchange interventions and the state's debt payments.<\/b><\/p>\n

The National Bank of Ukraine reported this on November 5.<\/p>\n

In October, 3.69 billion dollars of international assistance was received on the government's foreign currency accounts at the NBU. The main part, 3.29 billion dollars, was provided by the European Union. Another 404.6 million dollars came through World Bank accounts.<\/p>\n

Separately, the volume of reserves was affected by the conversion of EU defense financing within the Ukraine Support Loan program. According to the NBU, in October the government exchanged 4.6 billion dollars of such funds into hryvnia.<\/p>\n

The regulator explained that defense financing is not included in reserves directly because of its intended purpose. However, after the sale of the corresponding currency to the National Bank, it increases the volume of reserves. Subsequently, budget expenditures using the received hryvnia may create additional demand for foreign currency, so such operations are mainly redistributive in nature.<\/p>\n

At the same time, in October the NBU made a net sale of currency on the interbank market amounting to 6.05 billion dollars. Of this amount, 6.051 billion dollars accounted for the sale of foreign currency, while its purchase was only 0.4 million dollars.<\/p>\n

Significant foreign exchange interventions were one of the main factors limiting the growth of international reserves. However, inflows from partners and the conversion of EU defense funds allowed to offset the corresponding expenditures.<\/p>\n

For servicing and repayment of the state debt in foreign currency, Ukraine paid 242.3 million dollars during October. The largest part of these funds, 197.9 million dollars, was directed to obligations to the World Bank. Separately, 252.8 million dollars were transferred to the International Monetary Fund.<\/p>\n

Another 204.4 million dollars was added to international reserves as a result of revaluation of financial instruments, exchange rate fluctuations and other factors.<\/p>\n

The October increase interrupted a two-month decline in reserves. At the end of August they decreased to 48.7 billion dollars, and in September to 47.1 billion dollars. Thus, at the beginning of November their volume again approached the 50 billion dollar mark.<\/p>\n

According to the NBU, the current level of international reserves is sufficient to maintain the stability of the foreign exchange market and provides financing for 4.2 months of future imports.<\/p>\n

The given indicators are preliminary. The National Bank is to release updated data on international reserves no later than November 21.<\/p>\n

Based on materials from: National Bank of Ukraine<\/a><\/p>