The Ukrainian currency market shows obvious signs of consolidation of demand and supply at the balanced level, Valeriy Lytvytsky, the head of the group of advisors to the governor of the National Bank of Ukraine (NBU) has said.
“The NBU has been not only selling currency, but also buying for several days,” he said.
“We’ve proved that we have consistency between what we say and what we do,” he said.
Lytvytsky said that the development of the situation again confirmed
the fairness of NBU’s statements that its exchange rate policy is not
divided into phases of the political cycle.
He said that the central bank after the parliamentary election
continues to smooth out waves on the market caused not by fundamental
factors, but by speculation.
“We’d like the following lesson to be learned: one should trust more
the NBU and statements of its heads, and be more wary of statements of
various domestic and foreign experts and analysts, among whom are people
who were hired [by certain persons],” he said.
He added that processes seen on the currency market could be of a stable character.
“We expect that the legal service will be provided on time. It will
be thoroughly thought out, and it will make easier our work on the
stabilization of the situation… I think that people who make political
decisions understand the multiplying consequences of such waves on the
currency markets,” Lytvytsky said.
