KIEV, Feb. 13 – The hryvnia will strengthen after the resumption of Ukraine's cooperation with the International Monetary Fund program and the practical implementation of the Minsk agreements, according to bankers polled by Interfax-Ukraine.
"The agreements between the IMF mission and Ukrainian authorities on the Extended Fund Facility (EFF) Arrangement, of course, will promote strengthening of the hryvnia exchange rate. Successful talks on the restructuring of key debt liabilities of Ukraine for the next four or five years, receiving of an additional financing by Ukraine from other international financial institutions in the amount of up to $40 billion and the successful implementation of Minsk agreements will remain important factors for the large strengthening of the exchange rate," First Deputy Board Chairman of Prominvestbank Viacheslav Yutkin said.
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