“Grenada” after elections – NBU

"Гривнепада" после выборов не будет – НБУ

NBU actively buys dollars on the interbank market

The national Bank pursues a policy of floating exchange rate and the value of the hryvnia is determined by the market.

The national Bank of Ukraine keeps the exchange rate of the national currency. After the election, the depreciation of the hryvnia will not. This member of the Board of the regulator, Furman, said Today on Saturday, March 9.

“Before the election I hear a lot of opinions various experts that the course is specially held before the election… would Like responsibly say that no one Ukrainian hryvnia is not specifically holds. The national Bank pursues a policy of a floating exchange rate. Under this policy, the hryvnia exchange rate is market determined,” said Furman in the television broadcast.

He noted that in some periods, the NBU can either sell the dollar to maintain the hryvnia, to avoid significant fluctuations or redeem it to replenish reserves.

“Last month, the national Bank bought from the market, I think, $ 700 million from the market to replenish international reserves. Therefore, “havnebadet” there will be no,” said Furman.

According to the NBU, since the beginning of the year, the official hryvnia exchange rate appreciated by 4.4% to 26.48 per dollar. In particular, only since the beginning of March – 1.4%.

It was also reported that the national Bank will conduct stress testing of banks in two scenarios. One of them involves the exchange rate of 37 UAH./$ and inflation to 15.8%.

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