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Will Ukraine return to a floating exchange rate: NBU's response – UNIAN
To minimize regulatory intervention, two conditions must be met.
Ukraine's economy faces enormous challenges following Russia's full-scale invasion. The National Bank monitors the situation on the foreign exchange market to avoid sudden fluctuations.
“Before the full-scale invasion, the National Bank minimally intervened in the operation of the foreign exchange market. The majority of operations concerned either the purchase of a predetermined small amount of currency for the gradual accumulation of international reserves, or were carried out to smooth out volatility, but in significantly smaller volumes than now,” the deputy recalled Chairman of the NBU Sergei Nikolaychuk in an interview with Ukrinform.
According to him, to minimize…
