The dollar jumps like crazy: the public, businesses and banks are shocked

Last week the dollar reached “ten” level. Experts unanimously say situation had gone out of control. But the market was managed to calm down by common efforts of the President, the National Bank and the Ministry of Finance.
The Head of Government demands from the NBU to cancel licenses for commercial banks: for some – three months cancelling, for others – six months, for the rest – forever. But the main regulator threatened to stop financing. We got the reaction already on Friday. For the first time in many months National Bank was buying out the foreign currency from the interbank market.

But it did not sell even one coin. Cash market had its own reaction. Exchange rates sharply fell down and to the surprise of Ukrainians exchange offices did not buy dollars or euro.

Comments:
Yuriy Blaschuk, Chairman of the Board of a commercial bank
Sergey Oksanych, the President of a financial company
Eric Naiman, expert of financial market
Yuriy Prozorov, the General Director of a consulting company
Sergey Yaremenko, ex-deputy of Chairman of NBU

The source: Ukrainian Business Resource