The NBU might allow a flexible exchange rate for the dollar even before the end of the war.

According to the Deputy Chairman of the National Bank, Serhii Nikolaychuk, last week the strategy of softening currency restrictions, a transition to a flexible exchange rate, and a return to inflation targeting was made public.

These actions indicate the prerequisites the NBU prioritizes when evaluating the possibility of returning to a flexible exchange rate. Among them: a manageable situation on the foreign exchange market, a sufficient volume of international reserves, the easing of several restrictions that allow the difference between exchange rates to be minimized, a steady decrease in inflation, and the effectiveness of monetary instruments that ensures the attractiveness of hryvnia assets.

Flexibility will be increased gradually, and the NBU will continue to monitor the market and be prepared to intervene.

As of July 20, the average dollar exchange rate in banks was UAH 36.97, and the official rate was UAH 36.56.