REUTERS
National Bank sees no reason for greater fluctuations of the hryvnia exchange rate, and at the same time has instruments and forex reserves to remove unfounded tensions in the currency market if necessary, that’s according NBU Governor Valeriya Gontareva who spoke at a traditional meeting with the representative of Ukraine’s 40 top banks, the central bank reported on its website.
"I emphasize once again that we adhere to a flexible exchange rate. But we see no reason for greater exchange rate fluctuations than in recent months," said Gontareva.
NBU chief noted that the regulator observed certain nervousness in the foreign exchange market before the local elections and recalled that on October 30 and November 2 the regulator intervened in the interbank market selling $67.5 million.
Read alsoUkraine's Central Bank liberalizes forex regulationsAs UNIAN reported earlier, twice in the last week, on Monday and Tuesday, the NBU intervened in forex market selling the currency at the rate of UAH 23 to the dollar, with not a single application to purchase foreign currency recorded.
According to the NBU Governor, some volatility was observed in the forex market last week, related to the holding of local elections across Ukraine.
The hryvnya’s last week fluctuations remained within a range of UAH 21-UAH 23 to the dollar, same for the for the past few months.