You're reading: IMF wants more Ukrainian hryvnia flexibility

Ukraine's key lender, the International Monetary Fund (IMF), wants greater exchange rate flexibility of the country's currency, a senior central banker told local media on Wednesday.

"The IMF wants us to allow more volatility in the exchange rate movements and follow the market," Interfax news agency quoted first deputy central bank chairman Serhiy Arbuzov as saying.

Ukraine’s central bank has intervened regularly this year both when the hryvnia was strengthening against the dollar between February and August and when it started to weaken in September.

It has said the hryvnia would not weaken beyond 8.0 per dollar by the end of this year from the current 7.95 per dollar. An IMF mission is in Ukraine until Nov. 15 to review progress and discuss further policies under the $15 billion program agreed in July.