The NBU will introduce new restrictions on the interbank market if the hryvnia continues to devalue
Kyiv, February 23 (PolitNavigator, Alexandra Ignatieva) – The National Bank expects a significant reduction in the outflow of currency from Ukraine and stabilization of the hryvnia exchange rate, thanks to new regulatory measures, says NBU Chairman Valeria Gontareva.
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“We saw that the number of not entirely correct prepayment contracts has increased. New measures will solve this problem: they will not result in an increase in the supply of foreign currency on the interbank market, but will reduce the demand for it,” she clarified.
In addition, from tomorrow the NBU will introduce a ban on the purchase of non-cash currency using credit funds.
The financial institution believes that the new measures will quickly stabilize the non-cash exchange rate. “The current course is not justified even given the current unstable military-political situation. It is not supported by any macroeconomic indicators,” Gontareva assures.
At the same time, she did not name an adequate hryvnia exchange rate in the opinion of the NBU.
“If these measures do not help, the National Bank also has additional tools to influence the situation on the foreign exchange market. But we won’t announce specific measures yet,” Vesti quoted Gontareva as saying.
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