In NBU argue that, despite the situation with PrivatBank, Ukraine’s currency market remains stable

В НБУ заявляют, что, несмотря на ситуацию с "Приватбанком", валютный рынок Украины остается стабильным

Deputy Chairman of the National Bank of Ukraine (NBU) Oleg Churiy

The situation on the domestic foreign exchange market remains stable after the National Bank currency interventions on December 20. This was stated by Deputy head of the NBU Oleg Churiy, reports the press service of the financial regulator.

According to Cure in the first days of the week a temporary psychological pressure on the hryvnia exchange rate was rendered by news about the nationalization of “PrivatBank”, but the situation has stabilized.

“Overall market fundamentals are currently favourable for the currency market. Due to the further receipt of proceeds from the export of grain remains on the market with a high supply of currency. Also, it contributes to the pricing environment for other goods of Ukrainian exports, in particular steel and iron ore prices,” – said in a statement.

Related news: the Volume of cash withdrawals from ATMs of “PrivatBank” caught up to the nationalization.

“At the same time in case temporary factors again begin to determine the situation on the currency market, the national Bank is ready to smooth excessive fluctuations,” – noted in the NBU, emphasizing that the volume of international reserves amounted to 15, $ 4 billion.

As explained by Deputy head of the NBU, and for sales of currency during the intervention, and to fulfil the commitments of the government and the national Bank.

Related news: the NBU Rate as of 21 Dec: dollar of 26.47 UAH Euro, UAH of 27.43

We will remind, on December 18, the government nationalized the PJSC “PrivatBank”. Provides that the state represented by the Ministry of Finance will become the owner of 100% shares of PJSC “PrivatBank” and ensures smooth functioning of the institution and the safeguarding of clients ‘ funds. The decision explained the need, as the Bank was in a difficult position. International financial institutions have supported this decision