KIEV, Dec. 28 – The National Bank of Ukraine is planning to gradually increase the hryvnia exchange rate flexibility, although the central bank would prevent considerable exchange rate fluctuations, according to the underlying principles of the monetary and credit policy for 2011 submitted by the NBU to Parliament.

"The currency exchange rate policy would foresee gradual relaxation of regulatory restrictions and synchronous increase of the hryvnia exchange rate flexibility as far as the country's financial system would recover from crisis, disproportion of the balance of payment would be evened out, the currency market would stably develop and demand on the national currency would stably grow," reads the document, which was published in the Dzerkalo Tyzhnia (Mirror Weekly) newspaper.