NBU seeks to quickly return to a floating exchange rate
Maintaining a fixed exchange rate due to war could lead to macroeconomic imbalances.
Long-term fixation of the exchange rate may lead to the accumulation of macroeconomic imbalances, declare at the National Bank.
They note that maintaining administrative restrictions on foreign exchange transactions will remain an important prerequisite for maintaining macroeconomic stability in Ukraine.
“Despite this, the National Bank will strive to return to the inflation targeting regime with a floating exchange rate as soon as possible as the ability of the foreign exchange market to self-balance is restored,” the message says.
Recall that the official dollar rate will remain at the level of 29.25 hryvnia until the end of the war with Russia.