National Bank not ready to lift restrictions on Ukraine's forex market – UNIAN

The NBU has no plans to introduce any additional limits.

The NBU had no plans to introduce any additional restrictions / Photo from UNIAN

Deputy Governor of the National Bank of Ukraine (NBU) Oleh Churiy says the regulator is not ready to lift restrictions on the forex market in the near future even with the resumption of cooperation with the International Monetary Fund (IMF), awaiting further macroeconomic stabilization.

“We will see how the macroeconomic situation will be developing. If it is favorable, we will remove restrictions,” he said amid an online meeting with the NBU management organized by the European Business Association (EBA) on April 1.

Read alsoUkraine’s National Bank to transfer US$1.5 bln to state budget

Churiy explained that a stable macroeconomic situation was required to have cooperation with the IMF, Ukraine’s key lender, resumed.

At the same time, he emphasized that the NBU had no plans to introduce any additional restrictions.

“We want to overcome this crisis without introducing any [further] forex restrictions,” he added.

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