Ukraine’s foreign exchange reserves have reached a record high of nearly $39 billion thanks to financial support from Western partners, Central Bank Governor Andriy Pyshnyi said on Thursday.
That is the highest level the reserves have risen in more than 30 years of post-Soviet independence, Pyshnyi said, hailing it as a major success for Kyiv as it battles Russia’s large-scale invasion.
The Ukrainian government and the central bank have been praised by Western lenders and economists for policies that have allowed them to maintain macroeconomic and currency stability despite more than 16 months of war.
Finance Ministry data showed that Ukraine had already received $23.6 billion in Western financial support so far this year.