The National Bank of Ukraine is considering to cancel the obligatory trafficking of export earnings. Yakiv Smoliy, the Head of the National Bank of Ukraine said this during the conference of the American Chamber of Commerce, as Interfax-Ukraine reports.
“Depending on the market conditions we believe we will cancel the obligatory trafficking of export earnings at all”, - Smoliy said.
As we reported earlier, the National Bank of Ukraine (NBU) predicts the growth of the GDP in Ukraine by 2,5% in 2019.
It is noted that private consumption will remain to be the key driver of the economic growth thanking the further increase of the real incomes of the population, the wages, pensions and money transfers from abroad.
As of next year, the real growth of the economy will speed up from 2,9% and 3,7% in 2020 and 2021. The gradual mitigation of the monetary policy will promote it and it will stimulate the domestic demand and recovery of the investment activity after the decrease of the uncertainty toward the political situation.
In 2018, Ukraine’s national currency, hryvnia was recognized as one of the world’s most undervalued currencies according to the Big Mac Index.