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Ukraine's foreign reserves renew 11-year-high

KIEV
2023-05-05 16:28

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KIEV, May 5 (Xinhua) -- Ukraine's foreign reserves renewed their 11-year-high to reach 35.94 billion U.S. dollars as of May 1, up by 13 percent since April, the country's central bank said on Thursday.

This is the highest level since August 2011, the National Bank of Ukraine (NBU) said in a statement, adding that on April 1, Ukraine's foreign reserves had already reached 31.9 billion dollars, a high in 11 years.

The rise in foreign reserves was driven mainly by the increase in international aid, which reached about 5.6 billion dollars in April.

During April, Ukraine received 2.7 billion dollars from the International Monetary Fund, 1.65 billion dollars from the European Union, and 1.25 billion dollars from the United States.

Meanwhile, during this month, the Ukrainian government spent 446 million dollars on repaying the country's foreign debt.

Ukraine's international deposits fell to 28.5 billion dollars in 2022.
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