KYIV, March 17 - The National Bank of Ukraine (NBU) spent up to $1 billion to support the hryvnia since early 2020, forex reserves exceed $25 billion and they are enough to smooth fluctuations, Deputy NBU Governor Oleh Churiy said.

"We have been pursuing a policy of floating exchange rate since 2015, and we are actively participating in this market, trying, first of all, to smooth out fluctuations. This is what we did in past years, and we will continue doing so in the future," he said at briefing in Kyiv.