For-UA Ukraine English News

Alternative Review – Comments and discussion on For-Ua News (Ukraine English News)

Expert explains reasons for Ukrainian currency market stability

Posted by the Editor on January 3, 2014


News / 3 January 2014 | 12:24

Expert explains reasons for Ukrainian currency market stability

Expert explains reasons for Ukrainian currency market stability

Competent policy of the National Bank of Ukraine in the regulatory field and the sector of foreign exchange interventions has become one of the key factors contributing to the stability of the hryvnia in the last few years. This opinion was expressed by Valery Litvitsky, advisor to the chairman of the NBU.
“The reason for stability is the measures related to currency intervention, the achievement of super-low inflation, renewing of a confidence in the statements of the Central Bank, which held hryvnia stabilization policy,” the expert said. According to him, the measures also include requirement of a mandatory sale of foreign currency earnings, various innovations in the field of reserving funds by commercial banks, de-dollarization policy, liquidity management of financial institutions, etc.

ForUm

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: