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Ukraine’s forex reserves slip to $28.86 bln as of March 1

KYIV, March 7 (Reuters) – Ukraine’s central bank said on Tuesday its foreign exchange reserves had dropped to $28.86 billion as of March 1 because of interventions to prop up the hryvnia currency.

The bank said in a statement that the reserves had slipped by 3.5% in February, the 12th month of Russia’s full-scale invasion. The central bank sold $2.48 billion on the foreign exchange market last month. (Reporting by Olena Harmash, Editing by Timothy Heritage)

finance.yahoo.com

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