KYIV, April 29 – The steps announced by the National Bank of Ukraine (NBU) in the near future to complete the first stage of currency liberalization may require about $5.5 billion in foreign exchange reserves, however, they are expected to significantly expand business opportunities, improve conditions for attracting investment and participation of private capital in restored and will ultimately have a positive impact on economic dynamics, the NBU press service said.

"Currency liberalization will cost $5.5 billion. This is necessary to give more oxygen to business and the economy," the NBU press service said, adding that these steps have already been taken into account in the updated forecast, which provides for the preservation of international reserves this and next year at level close to the current one, $43-44 billion.