OREANDA-NEWS. On January 13, 2009  the Government of Ukraine will press for the Parliament’s consideration of ineffective and illegal exchange rate policy of the National Bank of Ukraine. Prime Minister of Ukraine Yulia Tymoshenko told a briefing within the framework of her working trip to Yevpatoria.

“Hryvnia rate against dollar – is an intolerable policy against banks, people who use credits, against medium class. This is an absolutely criminal policy, including the fact that it results in scale inflation,” Yulia Tymoshenko stressed.

The Head of Government believes that the current exchange rate is ungrounded and unjustified. She said that reasoning from the present circumstances it should be 6-6.5 hryvnias per dollar.

Yulia Tymoshenko made demands of the NBU Head to carry on more efficient policy taking into account interests of both the banking system and population. “I want to appeal to the NBU once again: there are no grounds today for such hryvnia rate against dollar”.