Pyshnyi: the hryvnia exchange rate fluctuations we are currently witnessing do not pose any threat
Kyiv • UNN
The NBU assures that fluctuations in the hryvnia exchange rate on the foreign exchange market do not pose a threat. The market is currently in a state of managed flexibility, where exchange rate fluctuations depend on supply and demand.
Fluctuations in the hryvnia exchange rate in the foreign exchange market do not pose a threat and are in line with market conditions. This was stated by the Head of the National Bank of Ukraine Andriy Pyshnyi during a briefing, according to a correspondent of UNN.
"The fluctuations we are seeing now do not pose any threat. These dynamics are quite safe and are driven by market conditions," Pyshny said.
According to him, the market is currently in a state of managed flexibility, where exchange rate fluctuations depend on supply and demand.
"We are gradually returning to the usual parameters that existed before the war," he added.
Recall
Ukraine's real GDP growth in the first quarter of 2024 was weaker than expected due to limited budget spending and the blockade of the Ukrainian-Polish border.