The Central Bank's statement regarding the recent fluctuations in the currency market: the current level of the exchange rate does not correspond to the basic variables of the economy

The Central Bank's statement regarding the recent fluctuations in the currency market: the current level of the exchange rate does not correspond to the basic variables of the economy

A significant part of this issue is caused by the increase of uncertainty, psychological pressures and market expectations, and the experience of the previous periods showed that these gaps will be coordinated with the reduction of the pressures of expectations and the return of calm.

The central bank will use its intervention tools to regroup the market to a path more compatible with economic reality.

The central bank will continuously monitor developments in the foreign exchange market and, if necessary, will take the necessary measures to protect monetary and currency stability, manage fluctuations and prevent the formation of non-fundamental trends in the market.