KIEV, Dec. 2 – The National Bank of Ukraine has revised the forecast for Ukraine's forex reserves for the end of 2015 from $15-18 billion to slightly over $13 billion due to a delay with the provision of new tranches under the IMF-supported Extended Fund Facility program for Ukraine and international assistance pegged to the program.
"We expect that the reserves would double compare to the beginning of the year and would reach slightly over $13 billion. The reserves are enough, as the sum covers over three months of imports," NBU Governor Valeriya Gontareva said at a meeting with heads of 40 largest banks in Ukraine on Tuesday.
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