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                        FRIDAY, MARCH 29, 2024
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IMF: Ukraine doesn’t have enough forex reserves for stability
Journal Staff Report

KYIV, Nov 16 – An International Monetary Fund (IMF) official said Ukraine does not have enough international reserves to support macroeconomic stability.

"Now [hard currency reserves] are up again to about $19 billion. This is good, because it covers three months of imports. But our assessment is that for a country like Ukraine reserves are still too low. They should be more around $30 billion. This is not an exact figure, so in that sense, the policy of the central bank in buying hard currency is a positive one," Resident Representative of the IMF in Ukraine Goesta Ljungman said at the Fitch Ratings Annual Conference in Kyiv on Thursday.




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Currencies (in hryvnias)
  28.03.2024 prev
USD 39.23 39.14
RUR 0.425 0.422
EUR 42.44 42.44

Stock Market
  27.03.2024 prev
PFTS 507.0 507.0
source: PFTS

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