Ukraine's international reserves in 2020 expanded by 15% to US$29.1 billion in the equivalent as of January 1, 2021.

"This is an eight-year high," the National Bank of Ukraine (NBU) said on its website.

This level is in line with what the NBU projected in its October 2020 Inflation Review.

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The last time that international reserves exceeded this level was in September 2012.

"The NBU managed to increase [the] international reserves by a total US$3.8 billion in a crisis year thanks to its consistent exchange rate policy," it said.

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