Ukrainian Central Bank Sees FDI at $5 Billion in 2010

Ukrainian foreign direct investment will amount to about $5 billion this year, said Valeriy Lytvytskyi, the central bank’s head adviser.

Natsionalnyi Bank Ukrainy’s reserves will total $34.293 billion at the end of 2011 after Ukraine receives $1.5 billion from the International Monetary Fund, he told reporters in the capital Kiev today.

The central bank has sold $7.403 billion and bought $8.654 billion on the interbank market this year, Lytvytskyi said. The bank controls the hryvnia’s exchange rate by buying and selling dollars.

To contact the reporters on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net; Kateryna Choursina in Kiev at kchoursina@bloomberg.net.

To contact the editor responsible for this story: Willy Morris at wmorris@bloomberg.net

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