The National Bank of Ukraine (NBU) as a part of new measures to stabilize the situation on the interbank currency market will revise the requirements to the open currency position of banks and inclusion of securities indexed to the U.S. dollar exchange rate in it, reads a report of the NBU issued on Wednesday after a meeting of NBU Governor Valeriya Gontareva with heads of large banks.
“Bankers said that their exchange rate expectations are at Hr 12.50/13.00/$1, and this exchange rate could be seen in the coming days,” reads an announcement on the NBU’s Facebook page.
The NBU added that the common position of bankers and agreements on the top-priority measures which would be adopted in the shortest term to stabilize the situation on the currency market as quickly as possible have allowed rather quickly to return the exchange rate to Hr 13.50/$1.
According to the report, Gontareva said at the meeting that only thanks to joint political unmotivated actions of the state, business and public it is possible to optimize the operation of banks and balance the exchange rate in the extremely difficult period for Ukraine accompanied by information attacks and manipulations.
She also warned bankers of the intensified work of the regulator in preventing dishonest transactions, in particular, transactions of banks on fake export-import deals.
Gontareva reminded that on Sept. 3, 2014 the NBU expects that $1.45 billion of a second disbursement of the International Monetary Fund’s Stand By Arrangement and $500 million from the World Bank will arrive to Ukraine, which will expand forex reserve and stabilize the currency market.
In addition, participants discussed how in practice to optimize operation of banks in the stress situation, stir up joint information and explanatory work on preventing manipulations with public opinion and pumping panic which today influence the exchange rate more than the fundamental macroeconomic factors.
