The Chairman of the National Bank of Ukraine (NBU), Andrii Pyshnyi, reported that the NBU never gives a forecast for the hryvnia exchange rate, and the rate in the budget has never been a target for the regulator.
The head of the NBU said this in an interview with the TV channel We - Ukraine, Ukrainian News Agency reports.
"The National Bank never gives forecasts for the exchange rate. The rate in the budget is not a target for the NBU and never has been. The stability of the foreign exchange market is our goal, as is the return to the mode of functioning of the foreign exchange market of market mechanisms," emphasized the Chairman of the NBU, Andrii Pyshnyi.
The conversation focused on the results of the NBU's work in 2024 and the country's economic prospects.
An important component that will allow the NBU to maintain exchange rate stability is a sufficient level of international reserves.
At the end of 2024, it exceeded USD 43 billion.
Andrii Pyshnyi recalled that in 2025, Ukraine expects to receive about USD 38.4 billion from partner countries, including from profits from immobilized russian assets thanks to the ERA Loans instrument.
Thus, the NBU will have enough resources to cover the structural foreign exchange deficit from the private sector and smooth out possible excessive exchange rate fluctuations.
As Ukrainian News Agency earlier reported, the National Bank introduced managed exchange rate flexibility from October 3, 2023.
The NBU abolished all currency restrictions for the import of works and services and allowed the repatriation of "new" dividends.
The hryvnia exchange rate in 2025 may reach 45 UAH/USD, this level is included in the state budget forecast for next year, as well as from investment companies and international institutions.
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