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Ukraine's central bank governor says 2015 inflation hit 44 percent

A trader displays mixed denomination hyrvnia banknote in this arranged photograph in Kiev, Ukraine, on Tuesday, March 4, 2014.
Vincent Mundy | Bloomberg | Getty Images
A trader displays mixed denomination hyrvnia banknote in this arranged photograph in Kiev, Ukraine, on Tuesday, March 4, 2014.

Ukraine's central bank governor said on Wednesday that inflation this year had hit 44 percent, up from 24.9 percent in 2014.

Valeriya Gontareva also said that foreign exchange reserves had remained roughly stable at $13.3 billion from $13.1 billion as of December 1 and reiterated that the bank planned to gradually remove currency curbs.

Meanwhile, Ukraine is expecting at least one tranche of funding, its third, from the International Monetary Fund (IMF) in January as Kiev has fulfilled all preconditions, according to the central bank governor.

Ukraine had expected the third tranche, worth $1.7 billion, by the end of this year. Gontareva said it might now receive the fourth tranche, also of $1.7 billion, at the same time as the third.

"Regarding the IMF tranche. The budget was recently adopted ... all other pre-conditions have been already met. Therefore, we expect that the (IMF) board will meet at the end of next month," Gontareva told a news conference.

"I see no obstacles from receiving the third and fourth tranches."

Parliament last week approved a budget for 2016, a major condition to secure the next tranche of financial aid under a $17.5 billion IMF loan package as the country teeters on the edge of bankruptcy.

Parliament backed the government's proposal to adopt the budget with the deficit at 3.7 percent of GDP (gross domestic product), the figure agreed with the IMF.

Ukraine has already received about $11 billion this year from the IMF and other international lenders to shore up its finances, which were crippled by separatist conflict and years of economic mismanagement and corruption.