During the meeting with representatives from the Independent Banking Association of Ukraine, Governor of the National Bank of Ukraine Sergiy Arbuzov answered questions regarding the National Bank of Ukraine’s expectations in the foreign exchange market.

“The issue related to the national currency stability continues to raise concerns not only among commercial and state-owned banks but also among citizens. I have emphasized repeatedly that nothing threatens the national currency stability. The National Bank of Ukraine takes all the necessary measures to ensure the balance of payments stability as the national currency stability directly depends on it,” said the Governor of the National Bank of Ukraine.

Sergiy Arbuzov mentioned that "last year the Balance of Payments of Ukraine showed a deficit, which appeared to be smaller than expected. Simultaneously, the movement of the national currency exchange rate was predictable and the situation in the market remained stable”.

“This year the National Bank of Ukraine also takes all the measures required to maintain the normal (positive or zero) balance of payments and we feel confident that the movement of currency is likely to be predictable. Therefore, we do not see any prerequisites for a deep devaluation or revaluation,” the Governor of the National Bank of Ukraine pledged.