KIEV, Aug. 13 – The introduction by the National Bank of Ukraine of a 2% margin between the purchase and sale prices of foreign currency on the cash market could lead to a sharp fall in the value of the hryvnia against foreign currency, according to Oleksandr Okhrymenko, an advisor to the chairman of Ukrgasbank.
"There is high demand for cash foreign currency. In part, the issue is regulated by the conversion of cashless currency to cash. If restrictions on the margin were set, this could lead to the complication of the process of the conversion of cashless currency to cash, and a resulting lack of cash currency," he said.
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