Ukrainian government considers launching its own bank

The idea belongs to Dmytro Dubilet, the Ukrainian minister and the creator of Ukraine's first mobile-only bank
17:04, 7 November 2019

Open source

Ukraine's Cabinet wants to create its own bank named either Ukraina or Bank U. The idea belongs to Dmytro Dubilet, the Minister of the Cabinet and the creator of Ukraine's first mobile-only bank. 

Zе! INSIDER Telegram channel reported that on Thursday, November 7. "The details are so far unknown, but this will definitely open the new horizons in the matters of managing funds", the message says. 

As of November 1, 2019, the international reserves of Ukraine, preliminary made $21,402,900 (in equivalent) as the National Bank of Ukraine reported.

Related: Ukraine’s MP to sign $300 million agreements with World Bank, EBRD in Brussels

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 3.4 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: Airstrike of oligarch Kolomoysky: Would Zelensky save UIA from bankruptcy?
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