Banks could pass the exchange rate limitations set by the National Bank of Ukraine (NBU) through the introduction of additional commission fees on currency transactions, according to former NBU governor, Sergiy Tigipko.

“The 2% exchange rate proposed by the NBU will not cause a fall in the value of foreign currency on cash market. Banks study to earn currency via the introduction of various types of commission fees, officially observing the corridor,” Tigipko’s press service admitted on Wednesday.

Tigipko reported that the inconsistent policy of the National Bank causes the worsening of prospects.

“Only after the exchange rate on the international bank market reached UAH 8.4/ USD 1, the National Bank of Ukraine came to its senses and decided to carry out interventions on the currency market. What will be the next?” reads the report, saying Tigipko.

He said that in current situation National Bank should toughly administrate bank activities.

“The central bank of Ukraine has to make banks understand that any speculations will be suppressed. The regulator would permanently appear on the international bank with concrete currency offers using the exchange rate that was earlier agreed,” he added.