NBU comments on impact of Donbas blockade on exchange rate

NBU comments on impact of Donbas blockade on exchange rate

680
Ukrinform
The National Bank of Ukraine (NBU) believes that the temporary cessation of movement of goods across the contact line within Donetsk and Luhansk regions in eastern Ukraine will have a limited impact on the exchange rate.

This is stated in the NBU’s inflation report.

"According to the National Bank, the situation in the east of the country will have a limited impact on the exchange rate. The negative impact of the blockade on the balance of payments will be largely compensated by a favorable situation on the external commodity markets," the report says.

In addition, in order to mitigate the impact of the blockade on the currency market, the National Bank can reduce the amount of currency purchase in the interbank market to replenish the foreign exchange reserves in case of need.

ol

While citing and using any materials on the internet that are open to search systems, hyperlinks to ukrinform.ua not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "ukrinform.ua". Materials marked Advertising are published based on the advertising rights.

© 2015-2017 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period:
-