KIEV, Sept. 30 – The National Bank of Ukraine should retain its tactics for exchange rate formation in a slow devaluation regime, as this could provide for a "smooth landing" of the exchange rate and prevent destructive surges hitting financial stability, according to Valeriy Lytvytsky, the head of the group of advisors to the NBU governor.
"I would not advise a thorough revision of the present exchange rate formation policy. Since the start of the year, the exchange rate has weakened only by 25 kopecks against UAH 2.60 in 2008," he said.
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