The National Bank of Ukraine (NBU) has said that the situation on the Ukrainian financial market has not improved, and the central bank asked banks not to weaken the hryvnia exchange to the U.S. dollar no more than Hr 16/$1, a source in financial circles has told Interfax-Ukraine, referring to the results of a meeting held by NBU Governor Valeria Gontareva with representatives of the largest banks on Monday, Dec. 8.
“NBU states the absence of improvements in the situation on the Ukrainian financial market. The completion of the formation of the government has not brought the expected improvement… According to the NBU, the fair market exchange rate today for the hryvnia-U.S. dollar is Hr 15.30-15.50 and its fluctuations could reach Hr 16.00 in the near term,” the source said.
The source said that the central bank at the meeting said that outflow of deposits in the banking system continued, being Hr 3.3 billion in November along with the outflow of funds from current accounts of companies.
The NBU said that since early 2014, the public withdrew Hr 124.5 billion and $8.7 billion from accounts at commercial banks, which was 22 percent and 37 percent of funds in the banking system of the country as of Jan. 1, 2014 respectively.
“The NBU does not plan to interfere in the formation of the hryvnia-U.S. dollar exchange rate parameters on the market, only if speculations are seen,” the financier said.
