Friday, July 1, 2011

Banker: The introduction of currency swaps will contribute positively to the Ukrainian interbank market

The intention of the National Bank to allow financial institutions to buy and sell foreign currency on the interbank market in foreign exchange position will positively affect the market. This was told Advisor to the Chairman Unex Bank Anatoly Timofeyev. "This initiative will undoubtedly have a positive impact on the development of the interbank market of Ukraine. If you go back to history, the trading currency in the two parties in the interbank market have banned even during the crisis of 1998 to limit speculative interest. Now, banks are free hand, they will to obtain optimum benefit to work with customers and between banks, smoothing the exchange peaks "- told Timofeev. In addition, as noted by the banker, in the near future will bring NBU currency swap (the two foreign exchange transactions - buying and selling with two different value dates). "Currency Swap will be an additional tool to support the liquidity of banks", - convinced Timofeyev.

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