National Bank can impose exchange restrictions in case of end of Ukraine, IMF cooperation

Source : 112 Ukraine

Smoly hopes that the cooperation with the IMF will continue
15:10, 11 June 2018

Open source

The National Bank of Ukraine (NBU) can impose the exchange restrictions in the case of the cessation of Ukraine, International Monetary Fund (IMF) cooperation. Head of the NBU Yakiv Smoly claimed this as reported.

'When we were asked what are you going to do if there is no program on the cooperation with the IMF, we said that we have a few worked out alternative scenarios and even worked out criteria on which we will implement measures in the case of a particular situation. We do not announce these criteria. It is our inner groundwork', he said.

Related: IMF spells out why Ukraine's corruption is dreadful

At the same time, Smoly hopes that the cooperation with the IMF will continue.

'We hope that the cooperation with the Fund will continue and we will not be forces to implement these measures but we openly talk about this: we have the criteria and in the case of their implementation we will be forced to switch to tougher monetary policy and even consider the imposing of the exchange restrictions', he noted.

Related: IMF notices slowdown of reformations in Ukraine

Earlier the IMF has emphasized the importance of the preserving of the leading role of the Finance Ministry in Ukraine for the forming of the fiscal policy due to the dismissal of Finance Minister Oleksandr Danylyuk.

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