This audio is created with AI assistance
Ukraine's foreign reserves reached $28.5 billion as of Jan. 1, according to the National Bank. The number is still lower than the pre-full-scale war number of nearly $31 billion.
Ukraine’s foreign reserves showed a 1.9% growth in December from the November figure due to foreign financial aid helping maintain the exchange rate and the economy afloat, the National Bank of Ukraine said on Jan. 6.
As of Jan. 7, the dollar to the hryvnia exchange rate is $1 for Hr 36.
Earlier on Jan. 5, the Economy Ministry said that Ukraine’s gross domestic product (GDP) dropped by 30.4% in 2022.
It added that Russian attacks on Ukraine’s energy infrastructure continue to put pressure on Ukraine’s wartime economy.
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.
