KYIV, Sept 6 – The pressure on Ukraine’s forex reserves will ease due to continued capital inflows and unlocking of external financing due to a new IMF program, Fitch said in a report.

Despite significant debt repayments, domestic political uncertainty and emerging-market volatility, the National Bank of Ukraine (NBU) purchased $3.2 billion year to date, and Fitch expects international reserves to finish 2019 at $21.8 billion, $1.0 billion higher than end-2018, and rise moderately to $22.4 billion by 2021. However, reserve coverage (2.9 months of CXP) will remain weaker than 'B' peers (3.4).