The National Bank of Ukraine (NBU) increased its interventions in the interbank market last week by $56.8 million, or 4.5%, to $1 billion 329.0 million, according to statistics on the regulator’s website.
According to the National Bank, during the first four days of last week, the average daily negative balance of currency purchases and sales by legal entities rose to $210.3 million from $195.0 million during the same period a week earlier, totaling $841.2 million.
In the retail foreign exchange market, the average daily net deficit nearly doubled: from Monday through Thursday, it stood at $46.6 million, compared to $24.6 million during the same period the previous week. Retail purchases of non-cash foreign currency exceeded sales every day.
The official hryvnia-to-dollar exchange rate at the beginning of last week was 44.5505 UAH/$1, and by the end of the week it had weakened to 44.7273 UAH/$1.
A similar trend was observed in the cash market, where the hryvnia’s exchange rate against the dollar weakened by 7–8 kopecks over the past week: the buying rate fell to 44.48 UAH/$1, while the selling rate fell to nearly 44.88 UAH/$1.
Foreign exchange interventions by the National Bank of Ukraine (NBU) on the interbank market in August remained close to July’s level, increasing by $24.7 million, or 0.5 percent, to $4.82 billion, according to data from the regulator’s website.
At the same time, the official hryvnia-to-dollar exchange rate strengthened by 0.3%, or 14 kopecks, in August, reaching 44.5505 UAH/$1 at the end of the month.
The volume of the National Bank’s interventions in the interbank market last week increased by 6.5%, or $77.9 million, compared to the previous week, reaching $1.27 billion.
According to the NBU, net interventions in August rose by 78.6%, or $2.12 billion, year-over-year.
From January through August, the regulator sold nearly $33.0 billion in foreign currency, which is 39.0%, or $9.25 billion, more than during the same period last year.
Over the 28 days of August, the average daily negative balance of legal entities’ currency purchase and sale transactions increased to $169.5 million from $151.8 million in July.
In the retail foreign exchange market, this figure rose from $19.4 million in July to $25.9 million in August.
According to preliminary data, Ukraine’s international reserves decreased by $70.4 million, or 0.1%, to $51.2 billion in July, the National Bank of Ukraine (NBU) reported on Friday.
“This trend was driven by the National Bank’s foreign exchange interventions and the country’s debt payments in foreign currency,” the regulator noted on its website.
According to the published data, net international reserves in July decreased by $668.9 million, or 1.8%, compared to June, to $36.3 billion.
The share of dollar-denominated assets in international reserves as of August 1, 2026, decreased to 64.7% from 66.5% a month earlier, while the share of euro-denominated assets rose to 27.0% from 25.6%. A year ago, these figures stood at 73.5% and 17.5%, respectively.
The share of gold in international reserves as of early August stood at 7.0%, compared with 6.9% a month earlier and 6.8% a year earlier.
It is noted that $1.6 billion was credited to the government’s foreign currency accounts at the National Bank in July, including $683.3 million from the International Monetary Fund (IMF), $498.7 million through World Bank accounts, and $458.6 million from the placement of foreign currency government bonds.
In addition, Ukraine received $5.1 billion from the European Union (EU) as part of a defense tranche under the Ukraine Support Loan program; however, due to the earmarked nature of this funding, these funds do not directly enter the international reserves. In July, the government converted $3.4 billion of these funds into hryvnia, which correspondingly contributed to an increase in international reserves.
At the same time, the Ukrainian government paid $515.4 million for servicing and repaying public debt denominated in foreign currency, including $433.3 million for servicing and repaying foreign-currency government bonds, $58.7 million for servicing and repaying debt to the World Bank, $6.9 million for servicing debt to the EU, and $16.5 million for debt to other creditors.
In addition, Ukraine paid $174.2 million to the IMF.
The revaluation of financial instruments in July increased the value of reserves by $300.6 million.
The National Bank’s foreign exchange interventions totaled nearly $4.79 billion, which is $296.0 million less than in June.
“The current level of international reserves is sufficient to finance 4.2 months of future imports,” the National Bank added.
As previously reported, in its July macroeconomic forecast, the regulator raised its estimate of international reserves for the end of 2026 to $69.7 billion from $64.8 billion, for 2027 to $73.7 billion from $66.5 billion, and for 2028 to $70.0 billion from $61.1 billion.
The National Bank of Ukraine (NBU) reduced its interventions in the interbank market last week by $59.9 million, or 5.6%, to $1.0145 billion, according to statistics on the regulator’s website.
According to the National Bank’s data, during the first four days of last week, the average daily net deficit in currency purchases and sales by legal entities decreased to $140.9 million from $168.5 million during the same period a week earlier, totaling $563.7 million.
In the retail foreign exchange market, the average daily net deficit decreased: from Monday through Thursday, it stood at $9.2 million, compared to $11.6 million the week before last, and non-cash currency sales exceeded purchases on all those days.
The official hryvnia-to-dollar exchange rate, which started last week at 44.6676 UAH/$1, weakened to 44.8110 UAH/$1 by the end of the week.
The same trend was observed in the cash market, where the hryvnia-to-dollar exchange rate weakened by 12 kopecks over the past week: the buying rate fell to 44.51 UAH/$1, and the selling rate to nearly 44.90 UAH/$1.
