April 4, 2017 / 11:32 AM / 4 months ago

Ukraine cbank eyes further currency liberalisation after IMF aid

1 Min Read

KIEV, April 4 (Reuters) - The latest tranche of aid from the International Monetary Fund will raise Ukrainian foreign exchange reserves to $16.1 billion and paves the way for further currency liberalisation, Central Bank Deputy Governor Oleg Churiy said on Tuesday.

The IMF approved $1 billion in new aid to Kiev on Monday as part of a $17.5 billion bailout programme. Ukraine expects to receive three more aid tranches from the IMF this year, worth a total of $4.5 billion. The next tranche is expected at the end of the second quarter, Churiy told reporters at a briefing.

Reporting by Natalia Zinets; writing by Matthias Williams; Editing by Catherine Evans

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