The National Bank of Ukraine (NBU) is planning to gradually transfer to a policy of a flexible currency exchange rate, the director of the general department for monetary and credit policy at the NBU, Olena Scherbakova, said.
"We have stated that we will gradually move to a flexible currency exchange rate, by means of the adaptation of the entire financial system. Nobody is going to make sudden moves," she told reporters on June 5.
At the same time, Scherbakova said the NBU has enough reserves to smooth currency exchange rate fluctuations if required.
"The reserves the National Bank holds cover our payment position. If the situation is favorable for the National Bank, we will make interventions for the purchase of foreign currency, as well as its sales," she said.
The director of the financial policy department of the Economic Development and Trade Ministry, Serhiy Chekashkin, said the government has no plans to revise its macroeconomic forecasts.
He also expressed opinion that the implementation of the norms of the law on the state financial support of export activities, which the Verkhovna Rada recently adopted, will improve the state of Ukraine’s balance of payments.
