NBU begins depegging regime

NBU begins depegging regime



6 листопада 2014 года
ICU

The NBU began its transition by auctioned a small volume of FX in its new policy of transitioning from a controlled currency peg to a kind of managed float regime. In its first day, the FX rate dropped as much as 4%. When the NBU or the state banks intervened to return the rate to 13, the market refused to comply. Bloomberg reported the UAH closed at 13.545/ USD, resulting in a 3.0% decline of the hryvnia's real trade-weighted index. The Russian ruble fell significantly yesterday to 45/USD following the extended holiday weekend in an apparent domestic flight to safety against the currency.

Источник: ICU

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