February 07, 2014 16:02
No grounds for long-term weakening of hryvna, says NBU governor
Kyiv, February 7 (Interfax-Ukraine) - There are no grounds for the long-term weakening of the hryvnia, National Bank of Ukraine (NBU) Governor Ihor Sorkin has said.
"There are no grounds to say that this is a long-term trend," he said at a press conference in Kyiv on Friday.
"We're sure that short-term demand will decrease and the market will start operating in a narrower corridor," he said.
He said the NBU is strengthening regulations to reduce speculative demand.
He said that if the situation improves the temporary measures taken by the central bank to stabilize the exchange rate would be canceled.
He said that the NBU remains an active player on the currency market to fulfill its function - to ensure the stability of the hryvna.
As reported, the NBU introduced temporary limitations on foreign currency purchases for certain operations on the inter-bank forex market.
This is stipulated in NBU resolution #49, which is due to take effective on February 7, 2014. The limitations will be in effect until the NBU cancels them.
The NBU on February 7 also cut the official hryvna exchange rate to the U.S. dollar to UAH 8.708/$1 from UAH 7.993/$1, the rate it had been at since July 9, 2012.
Ua cf of
(Our editorial staff can be reached at email@example.com)
June 23, 2017
Minsk refuses to recognize UN Human Rights Council's resolution on extending special rapporteur's mandate
Main indexes of the Russia stock market for June 23
Stock market gains as oil rebounds
Aggregated results for trading of shares in Moscow Exchange
Dixy Board of Directors to again be headed by Igor Kesayev
Eurobonds slide on oil, new placement in week
Results of Interregional Trading for OFZ & OBR
Kyiv refrains from presenting Donbas reintegration bill to TCG after LPR's, DPR's objections - Deinego
Rada to pass Donbas reintegration bill soon - Ukrainian National Security and Defense Council secretary
Kamaz to invest 50 mln euros in truck assembly in Senegal (Part 2)
Legislative practice on derivatives market puts bank deals with cos under threat - Central Bank (Part 2)
Russia surpasses lower end of AgMin grain export forecast for 2016-2017 agriculture year on June 11
Durov denies accusations of Telegram's neutrality to terrorism