The National Bank of Ukraine closely follows monetary market developments, both on the entire market and on the market individual segments, including with respect to how they respond to regulatory action.
On February 27, 2014, the NBU Board passed Resolution No. 104, amending NBU Board Resolution No. 49, dated February 6, 2014, which optimized, clarified and extended prompt action taken with the aim of stabilizing the market in early February.
Current data suggest that the action taken had a positive impact on the market. In particular, the foreign exchange market has shown clear signs of improvement. The net supply of foreign currency on the cash foreign exchange market on February 28, 2014, alone was USD 117 million (in the equivalent).
A gradual improvement in market expectations and positive signals that Ukraine receives from the international community regarding their willingness to give financial aid to Ukraine help stabilize the monetary market and to restore its health.