exchange rate

The article is aimed to study the foreign experience of currency interventions as an instrument of currency policy and identify features of their implementation in Ukraine. Currency interventions, as an instrument of monetary policy, have become most widespread in the context of the Jamaican Monetary System and the transition to a floating exchange rate regime. The role of currency interventions has grown significantly since the global economic crisis of 2007-2009.

The article is devoted to topical issues of increasing hryvnia exchange rate potential. There is presented a description of the main factors causing decrease of the exchange rate, namely: the negative balance of payments, galloping inflation, situational decline in demand for Ukrainian exports and large amounts of currency outflow due to shadow economy agents. Ways of reducing the shadow economy in Ukraine are proposed.

In terms of the balance of payments deficit and a deep devaluation of the hryvnia, the problem of expansion the existing sources of foreign currency inflows in Ukraine's economy has become relevant. Permanent excess of demand over supply of foreign currency in the domestic currency market in recent years has necessitated additional financial resources from abroad.