The head of the National Bank assured that the fixed exchange rate will be maintained
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On October 10, the first day of massive missile attacks on Ukraine by the Russian Federation, the “gray market” of currencies jumped. This was stated by NBU head Andrey Pyshny during his speech at EBA Global Outlook: Victory Mode, writes NV.
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However, due to the lack of demand in the future, the NBU did not notice any correlation between the exchange rate and the depth of losses.
“Seryy Rynok” jumped only on the first day, October 10. But immediately considering the lack of demand and further throughout all the subsequent missile attacks, despite the 700 missiles launched over Ukraine, there is no correlation between the exchange rate and the depth of the damage,” Pyshnyi noted.
According to him, even in September of last year, it was a psychological fact that determined the trends in the foreign exchange market. However, as the rocket fire intensified, the Ukrainians stopped reacting to it.
Read: The NBU said whether the fixed exchange rate of the hryvnia against the dollar will change
The head of the National Bank also assured that the fixed exchange rate will be maintained.
However, he added that the NBU is starting to implement its own risk management strategy, which should ensure the possibility of gradually reducing administrative restrictions.
Read: Budget-2023: Exchange rate of 42.2 hryvnias per dollar and increase in income from the NBU
Source: Ministry of Finance
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