KIEV, March 30 – The National Bank of Ukraine has enough reserves to smooth out any sharp exchange rate fluctuations, but there are no serious reasons to fear a hryvnia devaluation, according to NBU Governor Serhiy Arbuzov.

"I want to calm everyone down: even under the most negative scenarios, the NBU has enough reserves to reduce any sharp exchange rate fluctuations… I don't see serious preconditions for a hryvnia devaluation. In the basic scenario we predict that capital inflow will be enough to finance the deficit of the current account," he told the Uriadovy Kurier government newspaper.