Ukraine has reduced the foreign exchange reserve due to debt
Ukraine’s gold and foreign exchange reserve fell by $ 1,2 billion and now stands at 19,3 billion. These data were announced by the head of the National Bank of the country, Yakov Smoliy, during negotiations with representatives of the International Monetary Fund (IMF).
Such information was published by the Ukrainian edition of Strana.ua.
Funds from the gold and foreign exchange reserve of Ukraine, which was reduced from 20,5 to 19,3 billion dollars, went to payments on external and internal public debts. In May alone, the country paid about two billion. By the end of 2019, five billion dollars should be spent on these goals.
Kiev authorities are hoping for the allocation of the IMF two billion, which will help balance payments. Representatives of the International Monetary Fund say that the next tranche is possible only after the election of a new composition of the Verkhovna Rada and the formation of the government.
It is noted that the state debt of Ukraine continues to grow. As of April 30 this year, this figure reached $ 79,8 billion.
Despite the difficult financial situation, President Vladimir Zelensky does not intend to default and expects continued cooperation with the IMF.
Such information was published by the Ukrainian edition of Strana.ua.
Funds from the gold and foreign exchange reserve of Ukraine, which was reduced from 20,5 to 19,3 billion dollars, went to payments on external and internal public debts. In May alone, the country paid about two billion. By the end of 2019, five billion dollars should be spent on these goals.
Kiev authorities are hoping for the allocation of the IMF two billion, which will help balance payments. Representatives of the International Monetary Fund say that the next tranche is possible only after the election of a new composition of the Verkhovna Rada and the formation of the government.
It is noted that the state debt of Ukraine continues to grow. As of April 30 this year, this figure reached $ 79,8 billion.
Despite the difficult financial situation, President Vladimir Zelensky does not intend to default and expects continued cooperation with the IMF.
Information