The bank said it was important to check the rate of hryvnia not only in the dollar, but also in the basket of the currency of major trading partners.
The flexibility of the exchange rate of hryvnia does not indicate inevitable lowering. In particular, over the past few weeks, the hryvnia rate tends to strengthen the dollar. About it in an interview Interfax-Ukraine The first deputy head of NBU Sergey Nikolaychuk was said.
“That is, flexibility is not equivalent to lowering. If we talk about flexibility, we are talking about the possibility of an exchange rate to move in the same direction,” the officer explained his thinking.
He added that at the time of strengthening the situation in the foreign exchange market, hryvnias could also strengthen its position about the dollar. It is important to check the rate of hryvnia not only in the US dollar, but also in the basket of the currency of major trading partners.
The officer has drawn attention to the weakening of Euro -related dollars and other currencies in the global market, which also influenced the Ukrainian currency market.
“Our money and course policy is part of the general financial tools aimed at fulfilling our mandate – bringing inflation to 5% goal to achieve price stability,” he said.
Nikolaychuk emphasized that in war conditions, the foreign exchange market remains specific, as the NBU at the same time selling money to meet demands and revise international reserves due to global assistance.
The speculation of the need for appreciation for Hryvnia to finance the budget or align the trade balance does not match the position of the National Bank, he added.
The official also clarified that NBU foreign exchange interventions consist of the same operation to meet pure market demand and from individual interventions for the needs of the defense sector. The latter can be irregular and affects general statistics.
“The general indicator of our foreign exchange interventions does not fully indicate the basic demand for money,” Nikolaychuk explained.
As you know, in world markets, the dollar fell to a minimum to five weeks. Euro growth in dollars leads to the fact that it is getting more expensive in Ukraine. Currently, the Euro has become the main currency of Ukrainians for new savings.
Hryvnia’s official course fell in early September
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Source: korrespondent
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