Ukraine Central Bank Has Sold Over $12 Billion Of Its gold Reserves During The War, Its Deputy Head Says

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 it did not sell the gold to shore up Ukraine’s hryvnia currency.

-Reuters.