Ukraine’s international reserves to increase up to USD 23 bln in 2021

"The main assumption of the macroeconomic forecast is the continued cooperation with the International Monetary Fund, which will allow Ukraine to receive another official financing, improve conditions for access to international capital markets, and support investors' interest in Ukrainian assets. The corresponding attracting loans will enable the Government to make significant payments to service external debt. It will also allow the private sector to attract foreign investment. As a result, the international reserves will increase up to $23 billion in 2021," Governor of the National Bank of Ukraine Yakiv Smolii said at a press conference, an Ukrinform correspondent reports.

As of July 1, 2019, the international reserves of Ukraine, according to preliminary data, totalled $20,638,900 million (in equivalent). In June, they grew by 6.4%, primarily, due to the Government's placement of Eurobonds and the National Bank’s purchase of currency in the interbank market.

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