KYIV, Jan 5 – Ukraine’s forex reserves, according to preliminary data, in December, after four months of decline, increased by $1.723 billion, or 4.4%, and reached the level of $40.508 billion, which is the second highest figure in history after July 2023, the National Bank of Ukraine (NBU) reported on Friday.

“They grew by 4.4% compared to November thanks to foreign exchange receipts from international partners, which exceeded the net sale of currency by the National Bank and the country’s debt payments in foreign currency,” the central bank explained such a rapid increase in reserves.