Thanks to the financial support of Western partners, Ukraine’s foreign exchange reserves have reached a record level of almost 39 billion dollars, the head of the National Bank of Ukraine, Andriy Pyshnyi, said on Thursday.

This is the highest value of Ukraine’s foreign exchange reserves in more than 30 years since independence, said Andriy Pishnyi, who hailed it as a major success in the context of Kyiv fighting Russian encroachment, Reuters and Agerpres reported. .

“Such a level of reserves strengthens the ability of the National Bank of Ukraine to continue maintaining the stability of the exchange rate,” the head of the NBU wrote on his Facebook.

The government in Kyiv and the National Bank of Ukraine are institutions that Western banks and economists have praised for adopting policies that have allowed them to maintain macroeconomic and monetary stability despite more than 16 months of war.

This year alone, Western financial support amounted to 23.6 billion dollars

Data released by the Ministry of Finance in Kyiv show that since the beginning of the year, Ukraine has received financial support from the West in the amount of $23.6 billion.

Andrii Pishnyi reported that only in June the Government in Kyiv received 1.6 billion dollars from the European Union, 1.2 billion dollars from the United States, as well as funds from the World Bank, the International Monetary Fund and the government of Finland.

At the beginning of June, the gold and foreign exchange reserves of Ukraine amounted to 37.3 billion dollars.

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