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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.

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