The FINANCIAL — Anatolii Baliuk, executive director of the National Bank of Ukraine for questions of currency regulation and supervision, expects the hryvnia to be 7.8-7.9 UAH/USD until October 2010.
He gave his opinion during a meeting of the participants of the financial press club "Foreign Resources: How to Attract and Get Working for Economy" at the press center of Ukrainian News.
"The National Bank of Ukraine today uses the resources available to it now and can speak about the stability of the exchange rate in the short-term perspective. I think if the National Bank of Ukraine did not take active part in the forex market, the exchange rate would be considerable higher… Within quarters the exchange rate will be 7.8-7.9 UAH/USD," he said.
Moreover, Baliuk said the National Bank of Ukraine would not be used to cover the deficit of the national budget, as there are positive signals from the State Tax Administration and State Customs Service.
At the same time, the executive director said the topic of inflation targeting is interesting to the National Bank and the regulator will keep to the current policy at present.
As Ukrainian News earlier reported, the hryvnia rate strengthened by 0.1 kopeck to 7.9165 UAH/USD in the interbank forex market on Friday after strengthening by 0.1 kopeck on Thursday.