NBU expects foreign exchange reserves to reach $16.1 bln after IMF tranche

NBU expects foreign exchange reserves to reach $16.1 bln after IMF tranche

Ukraine's foreign exchange reserves are expected to increase to $16.1 billion after the fourth tranche approved by the International Monetary Fund (IMF).

Deputy Governor of the National Bank of Ukraine (NBU) Oleh Churiy has stated this at a briefing, an Ukrinform correspondent reports.

“After the fourth tranche of $1 billion, our reserves will be $16.1 billion. Therefore, our reserves have almost tripled since our cooperation with the International Monetary Fund started,” Churiy said.

According to him, it has a positive effect on macroeconomic stabilization in the country.

A reminder that the IMF has officially confirmed the allocation of the next $1 billion tranche to Ukraine and defined the direction of further efforts of the Ukrainian side to extend the Extended Fund Facility (EFF) program.


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