Yanukovych to hold the hryvnia has spent $40 billion – NBU

При Януковиче на удержание гривны потратили $40 млрд - НБУ

From 2011 to 2014, the leadership of the national Bank spent tens of billions of dollars to keep the exchange rate of the hryvnia, said Deputy head of the NBU.

During the presidency of Viktor Yanukovych from 2011 to 2014 to keep the exchange rate the national Bank has spent $ 40 billion. On Tuesday, August 28, at a round table on the hryvnia, said Deputy Chairman of the national Bank Oleg Churiy, reports UNN.

“From 2011 to 2014 to keep the exchange rate of the NBU spent $ 40 billion. This has led to the crisis,” the official added.

He noted that in Ukraine for four years is valid float. The task of the NBU maintain a specific inflation rate, not control rate.

“Previously the course was a large political component. But it all ended bad. When are you headed to a certain level, he doesn’t answer fundamentals (supply and demand), then there are only a few possibilities to keep the exchange rate: either we admit debt in foreign currency, or we can use reserves, or both,” – said the Deputy head of the national Bank.

Before that Churi said that the NBU expects to receive tranche from the IMF in the amount of about $ 2 billion by the end of autumn. Which will give an opportunity to attract additional financial assistance and to enroll in the international reserves of Ukraine about $ 5 billion.

 

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