Ukraine central bank sold over $12 bn of its gold reserves during the war
"We are selling (this gold) so that our importers are able to buy necessary goods for the country," Deputy Governor Kateryna Rozhkova said.
- Jul 18, 2022,
- Updated Jul 18, 2022 7:43 AM IST
Ukraine's central bank has sold $12.4 billion of gold reserves since the beginning of Russia's invasion on Feb. 24, the bank's deputy head said on Sunday.
"We are selling (this gold) so that our importers are able to buy necessary goods for the country," Deputy Governor Kateryna Rozhkova told national television. She said the gold was not being sold to shore up Ukraine's hryvnia currency.
Ukraine's central bank has sold $12.4 billion of gold reserves since the beginning of Russia's invasion on Feb. 24, the bank's deputy head said on Sunday.
"We are selling (this gold) so that our importers are able to buy necessary goods for the country," Deputy Governor Kateryna Rozhkova told national television. She said the gold was not being sold to shore up Ukraine's hryvnia currency.