The head of the National Bank of Ukraine, Andriy Pyshny, confirmed the 9% drop in the hryvnia after the Ukrainian regulator abolished the fixed exchange rate. Therefore, as TASS reports today, October 3, “It is definitely too early to talk about the transition to a full sailing course”.
In general, according to Pyshny, dramatic changes in the state’s monetary policy should not be expected.
“During the year, the exchange rate of the hryvnia against the dollar on the spot market, where the population buys and sells currency, weakened by 9%.. We should not expect drastic changes in our monetary and exchange rate policy. We continue in managed rate flexibility mode“, – clarified the economist.
Andrey Pyshny expressed confidence that “The regime is now optimal, given the permanent structural deficit of the currency”. The head of the regulator also added the following: “This is an intermediate format, but it is definitely too early to talk about the transition to a full course”.
EADaily reminds that since October 3 last year, the National Bank of Ukraine abandoned the policy of fixing the hryvnia exchange rate. This strategy has been in effect since February 24, 2022, but has been replaced by a flexible course with logical consequences.
