IMF supports the gradual increase in exchange rate flexibility

International Monetary Fund (IMF) in favor of a gradual increase in exchange rate flexibility, said the Fund’s Resident Representative in Ukraine Max Alier

“You can not jump to a flexible exchange rate without the possibility of hedging. This is a key element of our program. We believe that Ukraine should move to more flexible exchange rate (…), but this flexibility should increase with time “- he said during the annual conference of Adam Smith Ukrainian Banking Forum” on Tuesday in Kiev.

According to M. Alier, Ukraine’s transition to more flexible exchange rate would allow to make the economy less vulnerable to external risks.

“We believe and we predicted it even before the crisis that such an economy as the Ukrainian, (…), export-dependent flexible exchange rate. It (the introduction of flexible exchange rate – IF) facilitated a reaction to external shocks, “- he said.


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