Ukraine's forex reserves at new 11-year high on May 1 - c.bank

Kitco Media
By Reuters
Published:
Updated:
Reuters
KYIV, May 4 (Reuters) - Ukraine's foreign currency reserves rose to $35.9 billion as of May 1, hitting a new 11-year high thanks to foreign aid, the central bank said on Thursday. The reserves were up by 13% thanks to financial support from Ukraine's Western partners and lower demand for hard currency at the domestic foreign exchange market, the central bank said in a statement. (Reporting by Olena Harmash; editing by Tom Balmforth)

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