Ukraine's international reserves grew by 8% in 2024 – National Bank of Ukraine

Ukraine's international reserves increased by 8% in 2024, reaching US£43.8 billion as of 1 January 2025, according to the National Bank of Ukraine (NBU). Source: NBU press service Details: Ukraine received significant worldwide financial assistance last year, amounting around US£42 billion.

In addition, the country raised more than US£3.5 billion by issuing foreign currency government bonds (OVDPs).

This, alongside other international aid, enabled the country to meet US£6.7 billion in foreign currency debt servicing and repayment obligations, as well as US£3.4 billion in payments to the International Monetary Fund. It also countered the NBU's net foreign currency sales of US£34.8 billion to correct the currency market's structural deficit. The NBU asserted that the reserves are sufficient to preserve exchange rate stability.

In December, international reserves increased by 9.7%, owing to record inflows from international partners that outpaced the National Bank's net foreign currency sales and the country's foreign currency debt repayments.

Background: From 30 December 2024 to 3 January 2025, the National Bank sold US£744.1 million and purchased US£260,000 on the interbank market.

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