Ukraine Central Bank Sells Over $12 Billion Of Its Gold During War

(July 17th, 2022- Max Hunder/ Reuters)

KYIV (Reuters) - Ukraine's central bank has sold $12.4 billion of gold reserves (20 Metric tons) 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.