Ukraine explained to the IMF what the dollar exchange rate will depend on.

The government of Ukraine confirmed its intention to maintain a managed floating exchange rate regime before the International Monetary Fund, as noted in the letter of intent. According to this document, the National Bank of Ukraine emphasizes market conditions for the dollar exchange rate. During the period of the managed floating regime, the hryvnia depreciated by 12.2%, but then showed stability. The exchange rate reflected bilateral changes in line with market conditions. Currency interventions are an important tool for covering the structural deficit, as well as for utilizing the structural surplus of foreign currency in the public sector. Preventing excessive fluctuations in the exchange rate will help control inflation and form stable expectations, which will enhance confidence in the hryvnia and allow a return to an inflation targeting regime. The document also emphasizes the functioning of the cash foreign exchange market and plans to simplify access to cashless foreign currency and increase the supply of cash foreign currency according to market conditions.

It is worth noting that the National Bank also reported an increase in export earnings.