KIEV, March 13 – The prospects for the hryvnia exchange rate in March depend on the results of Ukraine's talks with the International Monetary Fund, the regularity of intervention by the National Bank of Ukraine and the situation on the credit market, according to bankers polled by Interfax-Ukraine.
"The recent statements by the talks' participants give hope that Ukraine could receive the second tranche of the IMF stand-by credit. This news inspires optimism in market players. At present, the situation on the interbank is rather stable. If there are favorable results from the talks with the IMF for Ukraine, one could expect that the dollar exchange rate would be in the UAH 8.00-8.20/$1 range [by the end of March] on the interbank and cash markets," deputy board chairman of Kiev-based BM Bank, Taras Kyiak, said.
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