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Results of Discussion of New Approaches to Calculation and Publication of FX-Market Indicators

Results of Discussion of New Approaches to Calculation and Publication of FX-Market Indicators

The National Bank of Ukraine hereby informs the public that the discussion of proposals on new approaches to the calculation and publication of FX-market indicators (hereinafter referred to as the “Draft”) has been brought to completion. 

The public discussion of the Draft consisted of two stages. 

At stage one, the Draft was endorsed at the meeting of the Money and Foreign Exchange Markets Contact Group (hereinafter referred to as the “Contact Group”) on 26 September 2024. No comments or proposals regarding the Draft came in during the meeting, and the Contact Group supported the approaches put up for review.

At stage two, which started on 15 October 2024, the NBU posted on its official website the Draft of new approaches to the calculation and publication of FX-market indicators, for the public to discuss, and encouraged all stakeholders to send in comments and suggestions by 15 November 2024. No comments or suggestions had been received from stakeholders by the specified deadline. 

Based on the new approaches to the calculation and publication of FX-market indicators, amendments will be drafted to the Regulation On Setting the Official Exchange Rate of the Hryvnia against Foreign Currencies and Calculating the Reference Exchange Rate of the Hryvnia against the U.S. Dollar and Accounting Prices for Investment Metals. The amendments will be submitted for the NBU Board’s consideration as per established procedure.

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