Ukraine reserves rise to three-year high

Ukraine's central bank said on Feb 1 its gross hard currency reserves rose to a three-year high of $1.718 billion on January 31, 2001, from $1.617 billion on December 22, 2001. Serhiy Yaremenko, head of the central bank currency regulation department, said that liquid hard currency reserves were up to $1.605 billion from $1.526 billion over the same period.

Ukraine's central bank hard currency reserves have been steadily growing over the last year, recovering from their lowest levels after the