An important task for the National Bank of Ukraine (NBU) remains reducing the spread between the dollar exchange rate on the cash market and the official rate, and therefore the central bank is ready to use additional tools if necessary, said Deputy Governor of the National Bank Serhiy Nikolaychuk at a press briefing on Monday.

“If necessary, we will use additional tools and additional measures in order to satisfy the demand for cash from citizens and, in general, increase the ability of citizens to buy currency in both the cash and non-cash segment,” he said.

The banker emphasized that the National Bank will smooth out exchange rate fluctuations.

“We do not voice specific parameters for our interventions, but these parameters, especially in the first stages, will minimize fluctuations, and when we see opportunities that correspond to macroeconomic prerequisites, then we will gradually expand these parameters,” Nikolaychuk said.

According to the resources minfin.com.ua and finance.ua, the dollar exchange rate on the cash market on Monday reacted minimally to the NBU’s announcement of the transition to a managed exchange rate flexibility regime from October 3: the hryvnia weakened by only 5-10 kopecks.