KIEV, Nov. 18 - Deputy Head of the National Bank of Ukraine (NBU) Oleh Churiy links the gap between the hryvnia exchange rate on the interbank currency market and cash market with "lagging" of the latter in satisfying splashes of demand.
"Other factors exist on the cash market [compared to the interbank market]. Banks can buy cash and then sell it on the interbank market, but they cannot buy it on the interbank market and then sell on the cash market due to NBU restrictions," he said on the sidelines of the seventh Ukrainian Investment Forum organized by CFA Society Ukraine.
Churiy also said that the similar gap in the exchange rates was seen last year.
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