Transfer of National Bank of Ukraine`s UAH 38 bln to budget-2016 won`t affect hryvnia exchange rate – Ukrainian PM

The transfer of UAH 38 billion of profit of the National Bank of Ukraine (NBU) to the state budget-2016 will not have a significant impact on the hryvnia exchange rate, and the currency will remain in the previously forecasted corridor at the end of the year and for 2017, Ukrainian Prime Minister Volodymyr Groysman said in a television broadcast.

”The exchange rate will not be raised. The NBU will transfer UAH 38 billion – it is a fact. And for the next year, we are laying the rate of UAH 27.2 hryvnia to the dollar.”

At the same time, Groysman said that the government forecasts included inflation at 8.2% for 2017 and the forecast for the NBU profit transfer to the budget is UAH 41 billion, which, according to the prime minister, is a realistic figure.

Earlier, the National Bank also said that the transfer of the regulator`s profit to the state budget would not have any pressure on the currency market, as it would take place in several tranches and partially offset by the repayment by the Ministry of Finance of the government bonds in the NBU`s portfolio and the relevant coupons.

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