Peak debt payments do not affect Ukraine's forex market – NBU Governor

The payments were envisaged in macro forecasts.

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Governor of the National Bank of Ukraine (NBU) Yakiv Smolii says the major payments on state debt this week, exceeding US$1 billion, have not affected Ukraine's forex market.

"Payments were laid in macro forecasts and had no effect on the foreign exchange market," he told journalists on September 5.

"This was all envisaged as part of debt servicing," the official said.

As UNIAN reported earlier, on Sept 3, the Ministry of Finance made the largest debt payment for the current year on Eurobonds of 2015, at $661 million, plus $444 million in interest accrued on bonds of the same year of issue maturing in 2019-2023.

In addition, on the same day, Ukraine finally settled with the International Monetary Fund on the 2014 stand-by program, transferring the equivalent of $156 million.

The year of 2019 is the peak year for Ukraine in terms of debt payments to external lenders, the volume of which over the 12 months will stand at about $6 billion.

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