In March, the central bank will also consider the issue of introducing other measures to regulate the banking system’s structural liquidity surplus. The NBU will continue to intervene in the FX market to smooth out excessive market fluctuations. At the same time, the NBU decided not to carry out daily interventions to purchase foreign currency on the interbank FX market to replenish the reserves.
This can dramatically lower the cost of doing business for our MSMEs, as well as enable more ecommerce. Work has been ongoing here and we look forward to launching, next month, the Batch Electronic Fund Transfer (EFT) Credit to be called “PESO Net” and following that, the Real Time Low Value Push ACH or “InstaPay”.