NBU plans to abandon the fixed exchange rate of hryvnia

NBU plans to abandon the fixed exchange rate of hryvnia

The National Bank of Ukraine is thinking about returning the floating exchange rate in order to increase stability on the currency market, NBU head Kyrylo Shevchenko said in an interview with The Asahi Shimbun.

 

"I want to report that we are now considering easing some currency restrictions. We are also thinking about how to return to the floating exchange rate regime. Such a move will bring more stability to the currency market," he said.

 

As Shevchenko recalled, the NBU took a number of steps to solve the problem of hryvnia devaluation at the beginning of the war.

 

"One of them is a fixed exchange rate. The deviation of the market rate from the official rate is really very insignificant," he said.





The National Bank of Ukraine is thinking about returning the floating exchange rate in order to increase stability on the currency market, NBU head Kyrylo Shevchenko said in an interview with The Asahi Shimbun.

 

"I want to report that we are now considering easing some currency restrictions. We are also thinking about how to return to the floating exchange rate regime. Such a move will bring more stability to the currency market," he said.

 

As Shevchenko recalled, the NBU took a number of steps to solve the problem of hryvnia devaluation at the beginning of the war.

 

"One of them is a fixed exchange rate. The deviation of the market rate from the official rate is really very insignificant," he said.