The National Bank of Ukraine plans to abandon the fixed exchange rate, which is 36.56 UAH per US dollar, and return to a flexible one, in which the currency will fluctuate in price.
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The leadership of the National Bank announced this today, September 14, at a briefing after a meeting of the Monetary Committee.
It is noted that a return to a flexible exchange rate will occur after the NBU receives satisfactory indicators on a number of parameters:
- inflation;
- real market rate;
- financial stability;
- the state and volume of gold and foreign exchange reserves;
- situation on the foreign exchange market;
- safety risks.
“Here is an almost complete list,” said NBU head Andrei Pyshny. — So far, the National Bank team to a certain extent reminds me of a sniper who is trying to hit the target exactly. But at the same time, the goal is constantly moving, and we must hit it in such a way as not to harm the achievements that we have today.
He noted that the National Bank has been preparing for the abolition of the fixed exchange rate for a long time, but there is no specific schedule for the transition to a floating exchange rate.
Source: Racurs
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