National Bank of Ukraine takes steps to eliminate multiple foreign exchange rates

The National Bank of Ukraine (NBU) wants to equalize real and indicative foreign exchange rates.
Press-service of the regulator told it on its Facebook page after the meeting of NBU’s governor Valeriya Gontareva with the bankers.
“At the meeting with leaders of the largest banks held on January 26, 2015, special focus was on foreign currency exchange rate mechanisms. In particular, to eliminate many foreign exchange rates dominating the market, possible new mechanisms were discussed to find equilibrium for foreign exchange rate,” the report says.
According to Gontareva, the NBU seeks to “reach real and effective foreign exchange rate in the market.”

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