NBU revises upwards forecast for Ukraine's international reserves in 2019

The regulator also improved the balance of payments forecast, reducing its deficit from US$1.1 billion to US$0.3 billion.

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The National Bank of Ukraine (NBU) has revised upwards its forecast for Ukraine's international reserves in 2019 from US$20.6 billion, to US$21.2 billion.

Read alsoUkraine's international reserves shrink by 2.9% in past month

The forecast for 2020 was also improved from US$21.4 billion to US$21.9 billion, while that for 2021 was revised upwards from US$21.4 billion to US$21.8 billion, according to the regulator's website.

The NBU also improved the balance of payments forecast, reducing its deficit in 2019 from US$1.1 billion to US$0.3 billion.

The central bank has maintained its projection for the deficit of the balance of payments in 2020 and 2021 at US$0.1 billion and US$0.7 billion, respectively.

UNIAN memo. Ukraine's total international reserves in March 2019 grew by US$413 million, or by 2%, to US$20.633 billion, which was 0.9% down from the figure as of January 1, 2019.

Ukraine's gross international reserves in 2018 rose by 10.6%, to US$20.82 billion, updating the five-year maximum.

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