Ukrainian foreign reserves nearly double over past three years

Ukrainian Prime Minister Volodymyr Groysman said Wednesday that the country has accumulated some 22 billion U.S. dollars of foreign reserves, nearly double the figure three years ago when his government came into office.

He made the remarks while reporting on the main achievements of his government over the last three years during a cabinet meeting.

“When the government came into office the international reserves were 13.2 billion U.S. dollars. We leave nearly 22 billion U.S. dollars to the next government. The currency rate remains stable. We have reduced our debt-to-GDP ratio,” summed up the head of government.

Inflation in Ukraine dropped from 12.4 percent to 9.8 percent over the mentioned period, he said.

Despite the fact that the government will resign next week, it is very important for the country to continue on the chosen course under the new government, he said.

The current Ukrainian government was formed under Groisman’s leadership in April 2016.

The new prime minister will be named on Aug. 29 following last month’s snap parliamentary elections.