Narodowy Bank Polski (NBP) and the National Bank of Ukraine (NBU) agreed to establish a zloty/hryvnia currency swap line on Dec. 22. The deal, worth 1 billion euros, has been signed for six months, with the possibility of an extension, the Kyiv Post writes.
“This is a correct and potentially effective move,» Volodymyr Sidenko, a senior research fellow at the Razumkov center, told the Kyiv Post. “It temporarily increases room for maneuver in balancing foreign trade relations.»
“The move (of opening the swap line) looks logical for Poland, as supporting the payment capacity of an important trade partner works for the development …read more
Source: Razumkov Centre