KIEV: The National Bank of Ukraine on March 16 plans to present a final concept for liberalizing the currency market, Deputy NBU Board Chairman Vladyslav Rashkovan wrote on his Facebook page. “Synchronously we’re working on the final concept on currency liberalization. On March 16 it is to be presented at a meeting of the board,” he wrote.
He said that the recent relaxation of currency restrictions is not full, although these are steps in liberalization of the market. The NBU said that an offsite meeting of the council for financial stability chaired by NBU Governor Valeriya Gontareva was held on March 2.
The participants stressed that it is necessary to continue liberalization of the currency regulation aimed at improving investment climate in Ukraine and promote the holding of effective privatization and inflow of capital to the country.
A slow restoration of economic growth is seen in Ukraine, inflations slows and the budget saw a surplus in January, although there are some risks that do not allow fully revoking the currency restrictions.
“These risks for financial stability and signs of the unstable state of the financial system require retaining of some of currency restrictions set by the NBU,” the central bank said. Among key risks are low prices and small demand on key goods of Ukrainian exports, as well as internal risks.
