Central bank expects foreign reserves at over $29 bln by year-end

The National Bank improved its forecast for international reserves of Ukraine at the end of 2020 to $29.3 billion from $24 billion previously projected.

According to the NBU, the forecast for 2021 is improved to $31.6 billion from $23.1 billion projected previously.

In 2022, the National Bank expects the growth of international reserves to $32.3 billion.

The regulator also improved the forecast for the balance of payments, boosting the expected surplus in 2020 to $3.2 billion from $0.6 billion.

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In 2021, the National Bank expects a balance of payments surplus at $1.6 billion instead of the previously forecasted deficit of $1.1 billion.

In 2022, a balance of payments surplus of 0.4% is expected.

UNIAN memo. Ukraine's international reserves in 2019 grew by 22%, to $25.3 billion, reaching a seven-year high.