The article examines how state regulations on the foreign exchange market in Ukraine affected the economy from 2014 to 2016. The researchers analyzed the National Bank's decisions and their impact on the currency market. They found that restrictions on foreign exchange worsened the devaluation of the national currency, but liberalizing the market had a positive effect on stabilizing the exchange rate. The study also highlighted factors that were overlooked during the stabilization process and classified potential negative consequences of exchange restrictions during financial crises.