Former head of the NBU Tigipko considers inconsistent policy of NBU on the interbank market

Written by admin on August 26th, 2009

former head of the National Bank Sergei Tigipko considers inconsistent current policy of NBU on the interbank market.

This is stated in the press service Tigipko.

inconsistent policies of the National Bank leads to the multiplication of negative outlook in the society and economy ... Only after a course in the interbank market went up to 8.5 hryvnia to the dollar, National Bank came to his senses and decided to go with the intervention in currency markets. What's next ? I do not watch the successive action of the regulator to ensure that calm the population and bring down excessive demand for foreign currency , - said the report.

Tigipko said that by selling the currency on August 25 in the interbank spot market to meet the needs of 8,0 UAH /USD, the National Bank has established a maximum of 2% ing rejection rate of the currency by banks selling people on the course of its purchase of banks in the NBU.

However, such a restriction, as suggested by the former head of the NBU, will be passed over by banks.

proposed by the National Bank of the corridor in the 2% will not reduce the value of the currency in the cash market. Banks have already learned how to make money on the currency of the introduction of various commissions, formally respecting the boundaries of the established corridor, - said Tyhypko.

In his view, the situation NBU should take strict administration of the banks and stop any attempt to speculate on the currency market.

As reported, the NBU previously announced decision to sell foreign currency on the interbank spot market for the needs of 25 and 27 August.

August 25 Bank sold dollars for these purposes by 8,0 UAH /USD.
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