KIEV, March 24 – The National Bank of Ukraine could stabilize the exchange rate if it restricted banks' ability to speculate on the currency, introduced a ban on the formation of currency reserves in dollars, introduced the 100% sale of export earnings, and cut the terms for payments on export and import contracts from 180 to 90 days, according to the deputy NBU governor, Oleksandr Savchenko.

He said that a first obvious step that the NBU should take to stabilize the situation on the currency market would be to restrict the banks' ability to speculate on the currency.