{"id":28799,"date":"2026-09-07T19:31:30","date_gmt":"2026-09-07T16:31:30","guid":{"rendered":"https:\/\/ukrmedia.news\/?p=28799"},"modified":"2026-09-07T19:31:30","modified_gmt":"2026-09-07T16:31:30","slug":"ukraine-reserves-fall-august-2026","status":"publish","type":"post","link":"https:\/\/ukrmedia.news\/en\/economics\/ukraine-reserves-fall-august-2026\/","title":{"rendered":"Ukraine\u2019s international reserves fell to $48.7 billion in August"},"content":{"rendered":"<p class=\"news-lead\">Ukraine\u2019s international reserves fell by $2.5 billion, or 5%, to $48.7 billion in August, according to the National Bank. The regulator attributed the monthly decline to a reduction in international financial assistance, whilst foreign exchange interventions remained at a level close to that seen in July. The current level of reserves covers four months\u2019 worth of future imports.<\/p>\n<div class=\"news-summary-box\">\n<p><strong>Briefly about the main points<\/strong><\/p>\n<ul>\n<li>Gross reserves fell by $2.5 billion in August.<\/li>\n<li>Net international reserves stood at $33.8 billion.<\/li>\n<li>$927.3 million was credited to the government\u2019s foreign currency accounts.<\/li>\n<li>The EU\u2019s defence tranche was not credited to the NBU\u2019s reserves.<\/li>\n<li>Current foreign exchange reserves are sufficient to cover four months\u2019 worth of imports.<\/li>\n<\/ul>\n<\/div>\n<h2>Net reserves were falling at a faster rate<\/h2>\n<p>Net international reserves fell by $2.5 billion, or 6.9%, in August to $33.8 billion. Gross and net reserves are different indicators, so <a href=\"https:\/\/bank.gov.ua\/ua\/news\/all\/mijnarodni-rezervi-stanovili-487-mlrd-dol-ssha-za-pidsumkami-serpnya\" target=\"_blank\" rel=\"noopener\">The NBU publishes<\/a> separately.<\/p>\n<p>According to the regulator, foreign exchange interventions rose by just 0.5%, or $24.7 million, over the month \u2014 to $4.82 billion. This means that the NBU cited a lower volume of international inflows, rather than a significant increase in foreign exchange sales, as the key factor behind August\u2019s trends.<\/p>\n<h2>The government\u2019s revenue was accompanied by debt repayments<\/h2>\n<p>$927.3 million was credited to the government\u2019s foreign currency accounts at the NBU. Of this amount, $894 million was credited via accounts <a href=\"https:\/\/ukrmedia.news\/en\/economics\/svitovij-bank-dopomoga-ukrayini\/\">World Bank<\/a>, a further $33.3 million from other investors.<\/p>\n<p>Separately, Ukraine received $1.63 billion from the European Union as part of the defence tranche of the Ukraine Support Loan programme. As the funds were earmarked for a specific purpose, they were not directly credited to the international reserves.<\/p>\n<p>At the same time, the government allocated $721.8 million to service and repay the public debt denominated in foreign currency. The largest components were payments to the World Bank \u2014 $357.9 million \u2014 and servicing of government bonds amounting to $288.7 million. Ukraine also paid a further $258.2 million to the International Monetary Fund.<\/p>\n<h2>Revaluation of assets and changes to the portfolio structure<\/h2>\n<p>The revaluation of financial instruments in August added $752 million to the value of reserves. As at 1 September, the proportion of assets denominated in US dollars rose to 69.1% from 64.7% a month earlier, whilst the proportion of assets denominated in euros fell from 27% to 21.4%.<\/p>\n<p>The proportion of gold in reserves rose from 7% to 8.3% over the month. A year ago, dollar-denominated assets stood at 66%, euro-denominated assets at 26.2%, and gold at 6.5%.<\/p>\n<h2>The NBU\u2019s July forecast had predicted a higher level of reserves<\/h2>\n<p>In its July macroeconomic forecast, the NBU raised its estimate of international reserves at the end of 2026 to $69.7 billion from $64.8 billion. This is a forecast figure, distinct from the actual figure for August.<\/p>\n<p>The regulator has raised its forecast for the end of 2027 to $73.7 billion from $66.5 billion, and for the end of 2028 to $70 billion from $61.1 billion.<\/p>","protected":false},"excerpt":{"rendered":"<p>Ukraine\u2019s international reserves fell by 5% to $48.7 billion in August due to lower aid inflows and interventions by the NBU.<\/p>","protected":false},"author":207433355,"featured_media":28798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_description":"\u041c\u0456\u0436\u043d\u0430\u0440\u043e\u0434\u043d\u0456 \u0440\u0435\u0437\u0435\u0440\u0432\u0438 \u0423\u043a\u0440\u0430\u0457\u043d\u0438 \u0437\u0430 \u0441\u0435\u0440\u043f\u0435\u043d\u044c \u0437\u043d\u0438\u0437\u0438\u043b\u0438\u0441\u044f \u043d\u0430 5% \u0434\u043e $48,7 \u043c\u043b\u0440\u0434 \u0447\u0435\u0440\u0435\u0437 \u043c\u0435\u043d\u0448\u0456 \u043d\u0430\u0434\u0445\u043e\u0434\u0436\u0435\u043d\u043d\u044f \u0434\u043e\u043f\u043e\u043c\u043e\u0433\u0438 \u0442\u0430 \u0456\u043d\u0442\u0435\u0440\u0432\u0435\u043d\u0446\u0456\u0457 \u041d\u0411\u0423.","rank_math_title":"\u041c\u0456\u0436\u043d\u0430\u0440\u043e\u0434\u043d\u0456 \u0440\u0435\u0437\u0435\u0440\u0432\u0438 \u0423\u043a\u0440\u0430\u0457\u043d\u0438 \u0441\u043a\u043e\u0440\u043e\u0442\u0438\u043b\u0438\u0441\u044f \u0434\u043e $48,7 \u043c\u043b\u0440\u0434","rank_math_focus_keyword":"\u0440\u0435\u0437\u0435\u0440\u0432\u0438","td_subtitle":"","subtitle":"","footnotes":""},"categories":[805618],"tags":[806753],"class_list":["post-28799","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economics","tag-806753"],"_links":{"self":[{"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/posts\/28799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/users\/207433355"}],"replies":[{"embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/comments?post=28799"}],"version-history":[{"count":2,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/posts\/28799\/revisions"}],"predecessor-version":[{"id":28801,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/posts\/28799\/revisions\/28801"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/media\/28798"}],"wp:attachment":[{"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/media?parent=28799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/categories?post=28799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/tags?post=28799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}