Skip to content
Edit post

National bank: Ukraine’s foreign reserves surpass pre-war level

by The Kyiv Independent news desk December 6, 2022 9:24 PM 1 min read
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

Ukraine's foreign currency assets amount to $27.95 billion as of Dec. 1, with an increase of 10.7% on November's figure thanks to “the rhythmic inflow of international aid, lower volumes of currency net sales and moderate payments of the state debt in foreign currency,” according to the National Bank of Ukraine (NBU).

Another cause for the growth in reserves was the revaluation of financial instruments following changes in market value and exchange rates, the NBU wrote.

The current volume of international reserves provides financing for 3.5 months of future imports, which is sufficient to fulfill the obligations and current operations of Ukraine's government and the National Bank, the authorities added.

On Feb. 24, when Russia’s full-scale invasion of Ukraine started, the country’s international reserves stood at $27.4 billion.

Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

2:51 PM

Lavrov accuses Armenia of trying to ‘break off’ relations with Russia.

Russian Foreign Minister Sergey Lavrov has accused Armenia of “distorting history” in an attempt to “break off” relations with Moscow, he said in an interview on March 28. Armenia has further sought to distance itself from Russia - repeatedly accusing Moscow of being an unreliable partner.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
12:06 AM

Media: Rosatom's top manager arrested over suspicion of bribery.

The Basmanny court in Moscow arrested on March 28 Gennadiy Sakharov, Russian state nuclear energy company Rosatom's construction project director, due to the accusations of receiving a bribe in "a particularly large amount," Russian media outlet Kommersant reported.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.