KIEV, Sept. 16 – The provision of the third tranche of around $1 billion (SDR 716.11 million) by the International Monetary Fund would help to stabilize the hryvnia exchange rate, according to bankers polled by Interfax-Ukraine.
"Of course, the IMF's decision for the hryvnia is more than positive. In the morning the currency market reacted by the fall in the U.S. dollar exchange rate… I think in coming days the National Bank would have a good chance to boost forex reserves not only using the Fund's money, but thanks to holding auctions to buy currency, as supply of foreign currency on the interbank market now considerably exceeds demand," Deputy Bank Credit Dnepr Chairman Serhiy Volkov said.
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