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