The National Bank will continue to maintain stability in the foreign exchange market - Pyshnyi
Kyiv • UNN
NBU Governor Andriy Pyshnyi said that the foreign exchange market remains stable due to sufficient international reserves. The reserves are expected to grow to $41 billion in 2024.
The head of the National Bank of Ukraine, Andriy Pyshnyi, said that the NBU will maintain stability in the foreign exchange market, as the regulator has a sufficient stock of international reserves. He wrote about this on his Facebook page, UNN reports.
"The NBU will continue to maintain stability in the foreign exchange market. For this purpose, we have a sufficient stock of international reserves. In particular, thanks to external financing, reserves will increase to $41 billion in 2024," Pyshny wrote.
According to him, although reserves will decline to $37 billion in 2025 and $32 billion in 2026, the National Bank of Ukraine will be able to maintain moderate exchange rate fluctuations in response to changes in market conditions.
Recall
The National Bank of Ukraine forecasts a decrease in international reserves to $32 billion by the end of 2026 due to a reduction in financial assistance and currency outflows. The reserves will remain sufficient for the stability of the foreign exchange market.
