Ukraine’s foreign exchange reserves have reached a record level of nearly $39 billion, thanks to financial support from Western partners, Andriy Pyshnyy, governor of the National Bank of Ukraine, said on Thursday.
Building of the National Bank of UkrainePhoto: Panama / Alamy / Alamy / Profimedia
This is the highest value Ukraine’s foreign exchange reserves have recorded in more than 30 years since independence, Andriy Pyshnyy said, hailing it as a major victory as Kiev battles Russian aggression. Agerpres.
“This level of reserves strengthens the ability of the National Bank of Ukraine to continue to maintain the stability of the exchange rate,” the NBU governor wrote. on his Facebook account.
The government in Kiev and the National Bank of Ukraine are institutions admired by Western banks and economists
Western financial aid is 23.6 billion dollars this year alone
Data released by the Ministry of Finance in Kyiv show that since the beginning of the year, Ukraine has received $23.6 billion in Western financial aid.
Andriy Pyshnyy said that in June alone, the government in Kyiv received $1.6 billion from the European Union, $1.2 billion from the United States, and funding from the World Bank, International Monetary Fund and the Finnish government.
At the beginning of June, Ukraine’s foreign exchange reserves stood at $37.3 billion.
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