Foreign exchange reserves of Ukraine grew by $ 7 billion.
Back in February, foreign exchange reserves amounted to only $ 5 billion which led to serious instability in the markets.
As a result of cooperation between Ukrainian experts, together with representatives of the International Fund managed to more than double foreign exchange reserves of Ukraine. The president of Ukraine Petro Poroshenko, said on 6 September during a briefing with the Director of the International Monetary Fund Christine Lagarde, the website of the Ukrainian president.
“The decision of the Board of Directors of the IMF on 31 July 2015 on the allocation of Ukraine $ 1.7 billion to support with $ 5 billion that we received this year, in fact, formed a strong financial foundation for reform in Ukraine”, – said Poroshenko.
“Only effective cooperation and professional actions of our Ukrainian team and the International Monetary Fund decisively changed the situation, and today Ukraine’s foreign exchange reserves amount to be $ 12.7 billion, and we are, after all, have made significant stabilization in the banking sector and exchange rate policy,” – the President of Ukraine. According to him, this is the result of success in the implementation of the Fund’s program “Extended Fund Facility”.
