Ukraine has a long-term resource to replenish government reserve, director of the National Bank of Ukraine monetary policy general department Olena Shcherbakova commented on the balance of payments, the NBU official site informs.
"For us it is a positive sign that a significant portion of receipt to the fiscal account goes through foreign investment. This is a long-term resource, and I think our government's reserve position on foreign markets allow us to be optimistic future. This is foreign investors’ assessment of work with Ukraine," she said.
Shcherbakova reminded that in August Ukraine paid the $1 billion debt under IMF stand by program, meanwhile financial reserves remained virtually unchanged. According to her, this is evidence of a strong reserve position of the NBU.
"In general, the situation is balanced, monetary policy corresponds to the economy," the representative of the National Bank said.
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