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                        THURSDAY, JANUARY 23, 2020
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Ukraines economy growing fast, risks remain insignificant, NBU says
Journal Staff Report

KYIV, Dec 26 Ukraines economy is growing better than expected, while inflation remains low and any future risks to the financial system are insignificant, the National Bank of Ukraine said Thursday.

The NBUs Council said cautious optimism is emerging in the world and expectations for 2020 are improving, while the countrys financial system is probably in the best shape since 1991.

"The situation in the foreign exchange market remains favorable. The National Bank buys surpluses of foreign currency in the market to replenish forex reserves: from the beginning of the year, the net purchase of currency by the NBU has already exceeded $6 billion. A favorable macroeconomic situation, low inflation and strengthening of the hryvnia will help reduce the dollarization of the financial system," the NBU said.




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Currencies (in hryvnias)
  22.01.2020 prev
USD 24.26 24.33
RUR 0.392 0.395
EUR 26.97 26.96

Stock Market
  21.01.2020 prev
PFTS 505.5 505.4
source: PFTS

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