Ukraine Gate- Kyiv – April 9, 2022- In a joint TV interview with United News on April 9, NBU Vice President Sergey Nikolaychuk announced that the NBU had pledged that the transition to the resumption of standard work and monetary policy after martial law would be very gradual.
The National Bank will keep the official exchange rate frozen at 29.25 Ukrainian hryvnia to the dollar until the end of the war.
The hryvnia exchange rate is scheduled to be fixed at least until the end of martial law. After the victory, Nikolaichuk explained that it will gradually return to the usual floating exchange rate system, administrative restrictions will be gradually removed, and Ukraine’s market share will be reduced.
He asserts that the transition to the resumption of standard work and monetary policy will be very gradual to avoid severe shocks.
It is worth noting that the hryvnia exchange rate at 29.25 hryvnia to the dollar was on the first day of the all-out Russian invasion, then the National Bank took the necessary measures and set the withdrawal of cash to UAH 100,000 per day.
