Trade and Economic Development Minister of Ukraine Petro Poroshenko has said there is no threat of a hryvnia devaluation against the U.S. dollar.
"We can say for the moment that in the current situation, nothing threatens the stability of the hryvnia. The situation with gold and exchange currency reserves and possible borrowing allow us to keep the situation under control," the minister told reporters in Kyiv on Thursday.
At the same time, while commenting on the situation on the interbank forex market, on which the exchange rate has dropped to UAH 8.049-8.05 per a U.S. dollar, Poroshenko said that there is no reason for worry.
"We don’t have a fixed rate, we have a floating rate, which is determined by demand and supply, [and] the exchange rate [of the hryvnia to the U.S. dollar] fluctuation is less than 1%," he said.
The minister said the main task of the National Bank of Ukraine was to ensure stable currency purchasing power, and not a fixed exchange rate.
