Thanks to the reduction of currency interventions and substantial international financial support, the National Bank of Ukraine managed to increase the volume of international reserves. In March 2025, they grew by 5.8% — by $2.235 billion, reaching $42.380 billion. About this informs NBU press office.
The growth of reserves became possible thanks to significant inflows of funds from international partners and a decrease in the volume of net sales of foreign currency on the interbank market. 5.980 billion dollars were deposited in the foreign currency accounts of the government at the NBU. From this amount:
- $5.172 billion — assistance from international partners, including within the framework of the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative;
- 410 million dollars — proceeds from placement of foreign currency bonds;
- $399 million is a tranche from the International Monetary Fund under the Extended Fund Facility (EFF) program.
Separately, Ukraine received a loan in the amount of 970 million dollars in accordance with the agreement with Great Britain within the framework of the ERA program. However, these funds are not included in the international reserves due to their intended purpose.
At the same time, 787 million dollars were allocated to service and repayment of the state debt in foreign currency. In addition, another $729.2 million was paid to the IMF.
In March, the volume of net sales of currency by the National Bank decreased by 12.5% compared to February and amounted to 2.644 billion dollars. Also in March, thanks to the revaluation of financial instruments, the value of reserve assets increased by another $410 million.
We will remind that as of January 1, 2025, the volume of Ukraine’s international reserves amounted to 43.788 billion dollars — this was the highest indicator in the entire history of the country.
In 2024, the state received approximately $42 billion in international aid. According to NBU forecasts, in 2025 the volume of support will amount to 38.4 billion dollars, and international reserves at the end of the year are expected to be at the level of 40.5 billion dollars.
