KYIV, Sept 15 – The National Bank of Ukraine (NBU), after making a decision to return to a policy of flexible exchange rate formation, will compensate for the structural shortage of currency in the market with its foreign exchange interventions, creating a situation where the exchange rate can fluctuate in one direction or the other, Deputy Governor of the National Bank of Ukraine Serhiy Nikolaychuk said.

“At the same time, especially in the first stages of exchange rate flexibility, we will quite significantly limit these exchange rate fluctuations,” he said at a briefing in Kyiv on Thursday.