As of early February 2026, Ukraine’s international reserves have set a new historical record, reaching $57.66 billion. According to the National Bank of Ukraine, reserves increased by $357.8 million in January compared to December 2025.
This is reported by Finway
Main Factors for Reserve Growth
The key factor behind the increase in international reserves was the inflow of external financing. In particular, $3.124 billion was transferred to the government’s foreign currency accounts at the National Bank of Ukraine in January through accounts with the World Bank. At the same time, the government made payments for servicing and repaying foreign currency public debt amounting to $310.7 million, of which $233.9 million was directed to external government loan bonds, and another $76.8 million to other creditors. Additionally, Ukraine paid $171.6 million to the International Monetary Fund.
The Role of the Currency Market and Asset Revaluation
In January, the National Bank of Ukraine sold $3.729 billion on the currency market. Meanwhile, net currency sales decreased by 20.7% compared to December 2025, which affected the overall dynamics of reserves. Furthermore, due to the revaluation of financial instruments as a result of changes in market value and exchange rates, their value increased by $1.4457 billion.
“The current volume of international reserves ensures financing for 6 months of future imports.”
Information on the volumes of international reserves and liquidity in foreign currency is updated monthly. Preliminary data is published no later than the seventh day of the following month, while revised data is available by the 21st.