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. Last Updated: 07/27/2016

EDITORIAL: Ukraine Reserves to Fall




KIEV -- Despite a heavy foreign debt burden, Ukraine's hard currency reserves are expected to fall only $100 million this year from the current $1 billion, a bank official said Wednesday.However, the prediction factors in foreign assistance need to boost the reserves, said National Bank's currency regulation department chief, Serhiy Yaremenko.


"The forecast envisages that we would meet all our [1999] foreign debt obligations, provided that the planned loans are received," Yaremenko said, according to the Ukrainian News service.


Ukraine is scheduled to repay about $1 billion to foreign lenders by the end of the year.