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National Bank bans 14 banks from conducting transactions in the interbank foreign exchange market

15.04.2014

press release

 

The National Bank has passed the decision to temporarily disconnect 14 banks from the System of Confirming the Agreements in the interbank foreign exchange market. The regulator resorted to this measure given the actions undertaken by these banks in the foreign exchange market that have a destabilizing effect on the hryvnia exchange rate and create negative expectations about the future hryvnia exchange rate dynamics.

 

This move is aimed at stabilizing market expectations about the hryvnia exchange rate and will urge foreign exchange market players to make sound managerial decisions.

 

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Last modification   15.04.2014
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