Economy 2024-07-15T10:52:44+03:00
Ukrainian news
NBU: Donbas Blockade's Impact On Hryvnia Exchange Rate Limited

NBU: Donbas Blockade's Impact On Hryvnia Exchange Rate Limited

Donbas, NBU, hryvnia, exchange rate, transportation, cargo, rate

The National Bank of Ukraine considers that the impact of the temporary ban on cargo transportation across the contact line in Donbas on the hryvnia exchange rate is limited.

Press service of the NBU has said this in a statement, Ukrainian News Agency reports.

According to the Regulator, deterioration in the balance of payments will first of all affect the volumes of net acquisition of foreign currency in the market for further replenishment of the international reserves.

Thus, the central bank worsened its outlook for the international reserves in 2017.

As Ukrainian News Agency earlier reported, the NBU has worsened its outlook on international reserves for 2017 from USD 21.3 billion to USD 20.8 billion.

On March 20, the monetary committee of the NBU held an extraordinary revision of its macroeconomic outlooks following suspension of allocation of a tranche by the International Monetary Fund.

According to the NBU, in 2017, international reserves will reach USD 20.8 billion instead of USD 21.3 billion as expected earlier.

At the same time, the NBU worsened its international reserves outlook for 2018 from USD 27.1 billion to USD 25.9 billion.

As at March 1, 2017, the NBU's international reserves were USD 15.459 billion.