Business news from Ukraine

National Bank expects decrease in reserves in 2022 to $20.8 bln

22 July , 2022  

The National Bank of Ukraine (NBU) expects a reduction in international reserves in the second half of the year by 8.6% – from $22.8 billion to $20.8 billion and maintaining them at this level in 2023, the regulator’s forecast says.

According to him, at the end of 2023, the reserves will amount to $21.2 billion, and in 2024 they will grow to $28.7 billion.

At the same time, the current account balance, according to the regulator’s forecasts, will be positive and amount to $6.4 billion by the end of 2022, while at the end of last year it was negative and amounted to $3.2 billion.

The NBU expects that by the end of 2023 and 2024 this figure will be negative and amount to $3.9 billion and $8.8 billion, respectively.

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