The head of the National Bank says that the currency market has reached balanced exchange rate

12 November 2014 09:22  1584385 085309
The head of the National Bank says that the currency market has reached balanced exchange rate

The fact that exchange rates in different segments of the currency market are nearly equal indicates that the market has reached balanced exchange rate.

This was stated by the head of the National Bank of Valeria Gontareva, the "Interfax-Ukraine" reported.

"That means we have reached balanced level", - the head of the National Bank responded during the show "Shuster Live" to the comment of the head of the investment company "Concord Capital" Igor Mazepa that at the level of about 16 hryvnias for a dollar the exchange rate difference between different segments of the market virtually disappeared.

She added that the National Bank may impose tough administrative measures if the situation on the currency market does not stabilize soon.

"We are monitoring the situation closely and if it does not come back to normal, then I think we would have to impose more stringent administrative measures and re-consider the possibility of intervention" - said Gontareva.

The head of the National Bank also stated that the new government of Ukraine would be formed soon and they would begin negotiations with the IMF mission, which arrived to Kyiv on Tuesday and plans to work in the country until November 25.

"I'm sure that by November 25 we will have someone to agree on the results, we will have the government" - she said

Ekonomichna Pravda

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