KYIV, Feb 5 – Ukraine this year is to pay around $7.4 billion from forex reserves on the country's commitments pegged to foreign currency, including to the International Monetary Fund (IMF), the press service of the National Bank of Ukraine (NBU) has told Interfax-Ukraine.

The central bank said that it expects that forex reserves would expand in 2018.

"Expected revenues of the currency, which the government and the NBU provide together, will more than compensate for the forthcoming expenses and even allow us to continue to build up reserves, as in previous years. We forecast that the reserves will increase by the end of 2018 to $20.5 billion, that is, 9% or $ 1.7 billion," the press service said.