The national Bank lowered the Outlook on gold and currency reserves

Нацбанк снизил прогноз по золотовалютным резервам

The NBU plans to the end of the year to invest in reserves of six billion dollars

The forecast has been reduced by almost a billion dollars.

The national Bank lowered the forecast of foreign reserves by the end of the current year to $18.7 billion from $19.6 billion, said the head of the Central Bank Valeria Gontareva, reports Interfax-Ukraine.

“Today, the Board of the NBU was forced to lower its forecast on international reserves from $19.6 to $18.7 billion at the end of this year,” she said at a press conference on Thursday.

She explained that the decision is due to the delay in the program of IMF financing.

Gontareva also said that today the NBU at auction bought from banks in exchange for $52 million.

“Today we bought a $52 million than the enlarged gold and foreign currency reserves,” she said.

The head of NBU emphasized that Ukraine should follow a flexible exchange rate, the NBU will support the national currency to smooth excessive exchange rate fluctuations.

We will note, as at 1 April foreign exchange reserves were $ 12,722 billion dollars, losing a month of almost 770 million.