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Ukraine’s international reserves made $21.4 billion as of late October

Such volume of the international reserves covers three or four months of the future import
19:15, 6 November 2019

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As of November 1, 2019, the international reserves of Ukraine, preliminary made $21.402.900 (in equivalent) as the National Bank of Ukraine reported.

In October, the international reserves of Ukraine decreased by 0.2%. It happened due to the costs for service and payment of the state debt in foreign currency - $632.2 million.

It is reported that such volume of the international reserves covers three or four months of the future import and it is sufficient for the implementation of commitments of Ukraine and current operations of the government and the National Bank.

Related: Naftogas suggests increase gas prices for industry almost on 20% from November

As we reported, the Ministry of Economic Development, trade and agriculture of Ukraine expects the volume of remittances from migrant workers to Ukraine may reach 12 billion dollars this year.

Besides, the economy may grow by 3.7% in 2020. At the same time, according to the forecasts of the Ministry of Economy, by the end of next year, the inflation rate can decrease to 5.5%.

Earlier, the International Monetary Fund (IMF) expected Ukraine's GDP to grow by 3% in 2019 and a 3% growth in 2020.

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