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National Bank: Foreign reserves grew by 1.9% in December, still lower than pre-war level

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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.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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