OREANDA-NEWS. February 05, 2009. Rise in prices for all kinds of goods and services connected with destabilization of the exchange rate. Prime Minister of Ukraine Yulia Tymoshenko announced this in the Verkhovna Rada today, answering the questions of people’s deputies.

Yulia Tymoshenko stated that exchange rate in Ukraine can’t exceed 6-6.5 hryvnias per dollar today, “It can’t be more than 7– it is unnaturally, artificial things which are not explained by any economic or financial circumstances”.

According to the Head of Government, the overstated dollar rate results in price hike of all imported goods, in particular, foodstuff, fuel-mastic materials, medicaments, which, in its turn, causes the rise in prices for goods produced in the domestic market. “All price hikes for all products consumed by the people in the country today is connected with the dollar/hryvnia rate. There are no other grounds,” Yulia Tymoshenko stressed.

The Prime Minister reminded that according to the Constitution, the Government is barred from interfering in the activity of National Bank of Ukraine, so it has no authorities to influence the rate of exchange policy in the country.

Yulia Tymoshenko noted, until the President nominated NBU Head to the Parliament, it would be difficult to stabilize the national currency and normalize prices in the domestic market. “We’ll face such problems until hryvnia is regulated to its natural rate,” Yulia Tymoshenko emphasized.