Ukraine’s gold and forex reserves stand at $29 billion, says official

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Local residents seek refuge in a damaged children's home in Mariupol

(Reuters) – Ukraine’s gold and foreign currency reserves stand at $29 billion, the same level as before Russia’s invasion thanks to external financial support, the president’s economic adviser Oleh Ustenko said on national television on Saturday.

“Before the war it was $29 billion, then it dropped to $27.5 billion, then there was a currency injection and we are again at the level of $29 billion,” he said, expressing confidence that the hryvnia currency rate could be kept stable.

(Reporting by Natalia Zinets; Writing by Alessandra Prentice; Editing by Alison Williams)