Ukraine’s gold, forex reserves at pre-war levels, says official

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Ukraine’s forex reserves at pre-war levels: Official

Economic adviser Ustenko expressed confidence that the hryvnia currency rate could be kept stable

Representative image.  Credit: Reuters photo

Ukraine’s gold and foreign currency reserves stand at $29 billion, the same level as before Russia’s invasion thanks to external financial support, the president’s economic adviser Oleh Ustenko said on national television on Saturday.

“Before the war it was $29 billion, then it dropped to $27.5 billion, then there was a currency injection and we are again at the level of $29 billion,” he said, expressing confidence that the hryvnia currency rate could be kept stable.

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