KIEV, Dec. 12 – The toughening of the currency regime will allow the National Bank of Ukraine, at least in December, to stop supporting the hryvnia exchange rate via the sale of currency from forex reserves, according to NBU Governor Serhiy Arbuzov.
"We'll boost reserves," he said.
In November, the NBU introduced the obligatory sale of 50% of currency income and halved the term of return of currency income, and supported the introduction of a pension fee on the sale of cash foreign currency.
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