Hryvnia Withstands Politics So Far

The outcome of the parliamentary elections will have little effect on the hryvnia exchange rate in the near future, interbank currency market operators maintain. “The currency market is completely under National Bank control,” for which reason “no drastic changes will occur because the National Bank will not let it happen,” believes chief of the resources management department at VABank Oleksandr Zavarykhin. Nadra Bank currency dealer Dmytro Reznichenko is also convinced that, judging by the election results, we are not in for considerable exchange rate fluctuations. At the same time, as Interfax-Ukraine has previously reported, bankers think that in the long run the hryvnia exchange rate could be influenced by possible changes in the management or the NBU currency policy, if such take place following the realignment of political forces in the wake of elections.