Ukraine’s forex reserves to stay at $27-bln by end 2023, NBU says Journal Staff Report
The National Bank of Ukraine (NBU) has predicted that reserves will remain at $27 billion by the end of 2023 despite a surge in the current account deficit, the regulator's press service said on Thursday. "In view of the already announced international aid and progress made in negotiations with the IMF, overall official financing in 2023 could exceed $38 billion. This will enable Ukraine to refrain from the monetary financing of the budget deficit in 2023. International reserves are expected to hit about $27 billion by the end of 2023, and will continue to rise," the NBU said.
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