The regulator will return to those elements of the first phase of the currency liberalization roadmap that have not yet been closed.
The National Bank of Ukraine is investigating the possibility of allowing the return of new dividends and easing the ban on servicing external debts. Deputy Head of the National Bank Sergei Nikolaychuk said this, Forbes Ukraine reported on Monday, March 25.
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He recalled that last year the regulator adopted a monetary liberalization strategy. Some mitigation measures have already been introduced for domestic businesses. It is authorized, in particular, to grant new loans to its foreign creditors and repay loans secured by guarantees from international financial organizations, export credit agencies and government institutions of international partner
“In the near future, we will return to the elements of the first phase of the roadmap that have not yet been closed. First of all, it is permission to return the new dividends, which, in our opinion, can create the grounds for further capital inflows to the country in the medium term. If we talk about the possibility of servicing our external debts, then in the near future, I hope, we will have reason to consider easing that as well,” said Nikolaychuk.
According to him, the NBU is guided by macro-financial prerequisites, and the ability to implement this roadmap depends on both international support and the situation in the foreign exchange market, which will be determined by the main export players.
Earlier, the head of the National Bank, Andrei Pyshny, said that the regulator will continue to move according to the strategy of monetary liberalization, which will have three stages. But we have to act in conditions of limited resources.
Pyshny also emphasized that the transition to a flexible exchange rate in war conditions is a difficult but necessary project for the Ukrainian economy.
Source: korrespondent
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