Ukraine is negotiating an emergency package from IMF due to coronavirus pandemic

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Ukraine is negotiating an emergency package from the IMF to contain the economic fallout from coronavirus, Yakiv Smoliy, governor of the National Bank of Ukraine.

He said it is too early to say how large the aid would be. Conditions would be separate from the $5.5 billion deal agreed last December.

The central bank sold $2 billion in foreign exchange in the last two weeks, limiting the hryvnia devaluation to 11%. Currently reserves are $24 billion, reports the National Bank of Ukraine.

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