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NBU has no plans to tie hryvnia to euro
KYIV. Sept 9 (Interfax-Ukraine) – The National Bank of Ukraine (NBU) has no plans to tie the hryvnia exchange rate to the euro, NBU Deputy Governor Yuriy Heletiy has said.
"Sooner or later, without a doubt, such a link will occur. But what needs to happen for this to become a reality is a further buildup of economic ties, in particular, trade ties with the EU. This is a political rapprochement between Ukraine and the European Union… As soon as the prerequisites are finalized, we will move in this direction, while we do not plan to practically implement it," he said during a press conference on Thursday.
At the same time, Heletiy noted that the NBU should analyze the risks that may be associated with this and optimize the structure of gold and foreign exchange reserves.
In addition, according to him, at present the US dollar strongly prevails in the structure of foreign economic transactions, and the pegging of the hryvnia to the euro today can create a situation of uncertainty and cause volatility in the foreign exchange market.
