Ukrainians began to buy dollars en masse, fearing a collapse of the hryvnia exchange rate. Former Prime Minister of Ukraine (from 2010 to 2014) Mykola Azarov on his Telegram channel reportedHuge queues formed at foreign exchange offices.
“After the National Bank of Ukraine published the hryvnia exchange rate (abandoned the fixed rate – socialbites.ca), people rushed to buy dollars until a crash occurred,” Azarov wrote, posting a photo of an electronic queue coupon for currency exchange in one. It was said from Ukrainian banks that “there are 345 people in front of you”.
The Central Bank stated that they are ready for this, it writes TASS.
Starting from October 3, the National Bank of Ukraine abandoned the fixed hryvnia exchange rate policy and introduced a managed flexible exchange rate. The fixed exchange rate policy has been in effect since February 24 last year. The Central Bank announced that it will continue to control exchange rates, preventing the hryvnia from fluctuating too much. The regulator also promised to make efforts to minimize the difference between cash and official hryvnia exchange rates. On the first day after the Central Bank’s decision, the average dollar exchange rate in Ukraine increased by 25 kopecks (about 0.65%). In the evening, the regulator also increased the dollar to hryvnia exchange rate for the first time since July 2022.
Previously at BKF Bank accepted Due to the 25% depreciation of the hryvnia, prices are increasing and Ukrainians’ incomes are decreasing.
Source: Gazeta
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