Ukraine's foreign exchange reserves reach highest level since 2010

4 April, 04:40 PM
NBU First Deputy Governor Kateryna Rozhkova (Photo:NV)

NBU First Deputy Governor Kateryna Rozhkova (Photo:NV)

The National Bank of Ukraine’s (NBU) international reserves exceeded $32 billion after receiving the first IMF loan tranche worth $2.7 billion, NBU First Deputy Governor Kateryna Rozhkova said on national television on April 3.

"Ukraine has already received the first tranche of $2.7 billion under the new (IMF) program for. Given these funds, the amount of assistance received from our partners this year has reached $13.6 billion, with the international reserves of the National Bank of Ukraine having exceeded $32 billion," Rozhkova said.

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Ukraine’s international reserves have reached their highest point since 2010, when they reached $34.5 billion, according to Finance Ministry statistics. The lowest level was reached in 2014 when Ukraine had just $7.5 billion.

Ukraine's foreign exchange reserves were $28.49 billion as of Dec. 31, 2022.

"The IMF program is a sign for our partners that Ukraine is on the right track, and at the same time a confirmation of $115 billion in assistance to our country over the next four years from our partners," Rozhkova added.

The IMF approved on March 31 a historic $15.6 billion program for Ukraine.

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