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NBU makes official hryvnia exchange rate more flexible

Posted by the Editor on February 7, 2014


News / 7 February 2014 | 15:03

NBU makes official hryvnia exchange rate more flexible

NBU makes official hryvnia exchange rate more flexible

The new official hryvnia exchange rate is in line with market indicators, director of the chief monetary and credit policy department at the National Bank of Ukraine (NBU) Olena Scherbakova said at a press conference on Friday.
“The official exchange rate should change every day,” she said.
Scherbakova said that the NBU has a system which at the end of the day presents the average exchange rate on the market: yesterday it showed UAH 8.70/$1, and the NBU set the relevant exchange rate.
She said that the criteria for the possible deviation of the official exchange rate from the market rate of 2% is retained, although the NBU now plans to set the official exchange rate as close as possible to the interbank indicators.
Scherbakova said that the NBU would be as transparent and open as possible for the market.

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