International reserves are the NBU's stock of currency, securities and gold used to cover currency shortages on the market and keep the hryvnia stable.
International reserves are the stock of foreign currency, foreign government securities, deposits and monetary gold managed by the National Bank. The NBU sells currency from its reserves when the market lacks it and covers some of the state's external payments.
As of 1 November 2026, Ukraine's reserves stood at USD 49.1 billion. They are replenished mainly by funds from international partners and reduced by the NBU's currency sales and public debt payments. At the start of the full-scale invasion reserves were below USD 30 billion.
Sufficient reserves show the market that the NBU can cover a currency shortage, which reduces the urge to buy dollars «just in case».
In detail, with examples: What drives the hryvnia exchange rate and how the NBU sets the official rate
FX intervention Managed flexibility
Checked against official sources on November 10, 2026. When a figure changes, it is updated on every page of the site.
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Three rates, the official rate formula, regimes 2013-2026, currency supply and demand, interventions and reserves, the key rate, inflation, myths and what to do with savings.