Zelensky sees no need to curb hryvnia rate

Source : 112 Ukraine

Earlier parliament supported the decree on the resignation of Yakiv Smoly
17:54, 4 July 2020
President of Ukraine Volodymyr Zelensky
President Volodymyr Zelensky does not see the need to restrain the national currency. The head of state  reported that at a briefing during his working trip to Odesa region. The broadcast was conducted by 112 Ukraine.

“The levers for holding the hryvnia exchange rate are known to everyone. I don’t see that they should change. I don’t see that we have to restrain something, honestly. This is such a delicate discussion. We can talk about it with you, about my attitude: we must restrain, or we must not... Or are we still in market conditions..." Zelensky said.

During the same briefing, the President said that hiss Office did not put pressure on Yakiv Smoly, and assured that he had good relations with the former head of the National Bank of Ukraine.

On June 1, Chairman of the National Bank of Ukraine (NBU) Yakiv Smoliy wrote and submitted to the President of Ukraine a letter of resignation of his own volition.

For a long time, the National Bank of Ukraine has been under systematic political pressure. This makes it impossible for me, as the chairman, to fulfill the responsibilities of the National Bank’s leadership and interact with other government bodies. I want to warn you against further attempts to undermine the institutional foundations of the central bank in Ukraine," Yakiv Smoliy stated.

On July 3, Verkhovna Rada of Ukraine held an extraordinary plenary session to consider resignation of the Chairman of the National Bank of Ukraine Yakiv Smoliy and Yuriy Terentyev from the position of the Chairman of the Antimonopoly Committee of Ukraine.

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