Ukraine's international reserves at least won't fall by late 2013, says NBU

Ukraine's international reserves at least won't fall by late 2013, says NBU:

"

The reduction of pressure from foreign debt payments could provide at least the keeping of Ukraine's international reserves at the current level until the end of 2013, the deputy director of the general economic department at the National Bank of Ukraine (NBU), Serhiy Nikolaichuk, has said.

"We see that everything done by the government and the NBU allows to predict that the reserves will at least remain at the current level, i.e. will not decrease," he told reporters on Tuesday.

According to Nikolaichuk, the bulk of payments for foreign obligations were conducted in the first half of the year: large payments to the International Monetary Fund remained, but their size will not present much difficulty for the government and the National Bank of Ukraine."

'via Blog this'