In the near future, the National Bank of Ukraine (NBU) will consider new decisions on foreign exchange liberalization, namely to expand incentives for businesses to attract capital to Ukraine.
The relevant statement was made by NBU Governor Andriy Pyshnyy at a briefing on monetary policy decisions, answering a question from an Ukrinform correspondent.
“The National Bank continues to consider various options and analyze the prerequisites for further foreign exchange liberalization. I can announce that the National Bank will consider corresponding decisions in the near future,” Pyshnyy said.
In his words, the logic of foreign exchange liberalization is based on two key elements: national security and the additional effect on Ukraine’s economic recovery.
Among the measures being currently developed by the regulator, Pyshnyy mentioned expanding the stimulating liberalization, attracting funds from abroad to domestic government bonds, and certain dividend-related issues. These issues are being discussed within the National Bank and with colleagues from the International Monetary Fund (IMF).
“We are working to create sustainable prerequisites for a gradual resumption of capital flows, but one that is safe and one that works to create additional opportunities and fuels productivity,” Pyshnyy explained.
According to him, the NBU is seeking a balance between a tight monetary policy to ensure price stability and support for economic recovery. Currently, achieving the 5% inflation target is being slightly postponed, from 2026 to 2027.
As noted by NBU Deputy Governor Sergiy Nikolaychuk, the main inflation risks amid the ongoing war are generated by the need to find non-emission sources to finance the defense needs of the budget.
A reminder that, having peaked in May 2025, inflation in Ukraine went back to declining in June 2025.
Photo: NBU
Source: National Bank preparing new foreign exchange liberalization measures – Pyshnyy
