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 firstname.lastname@example.org)
April 24, 2014
RUSSIA AND FSU GENERAL NEWS
Results of forex trading on Moscow Exchange on April 23
Russia political and economic calendar: April 24
April 23, 2014
Russia circulates communique with WTO criticizing U.S. sanctions
Crimea water issue must be decided as business - Ukrainian govt
Moscow criticizes UNICEF for politicized interpretation of developments in Ukraine
Strategically important Sviatohirsk freed from illegal armed grouping - Ukraine's Interior Ministry
Law enforcement will employ full arsenal if Donbas militants fail to disarm - security agency
Germany, France call on Russia to facilitate Ukraine de-escalation
Thousands commemorate genocide victims in Yerevan torchlight procession
Thousands gather in Kharkiv to pray for united Ukraine
Over 300 hectares in Chechnya, Ingushetia cleared of explosives
Several hundred people block administration of coal company in Luhansk region