This time we hit a new high. While I was in office, Ukraine’s financial safety cushion increased by USD 10 billion, from USD 18 to USD 28 billion. Last year, Ukraine was popular among international investors. Although this provided good financial support to the government, this was used to criticize the central bank.
At the same time, our critics ignored the fact that international reserves grew, not least due to foreign exchange inflows from nonresidents. This enabled us to overcome, reasonably painlessly and quickly, the FX market turbulence in March caused by the coronavirus pandemic.