OREANDA-NEWS  On 26 February was announced, that demolition of the exchange rate policy in Ukraine is pursued for political reasons. Prime Minister of Ukraine Yulia Tymoshenko stated at the beginning of the Government’s sitting. “It happens for political reasons, deliberately to aggravate and worsen the situation, to introduce a state of emergency that will mean a moratorium on any elections, including the regular presidential election,” Yulia Tymoshenko stressed.  

The Prime Minister noted that those who “deliberately for the political reasons demolish” the hryvnia should realize that through the imposed NBU exchange rate the medicines, foodstuff will rise in price – all the imported goods that, in its turn, will result in accelerating the inflation processes in the country.

According to the Prime Minister, today export exceeds import in Ukraine and there is a positive balance of the currency receipts and demand for it. “It means that there are no reasons to raise the rate of exchange, except the intentional actions of those who govern the NBU,” the Head of Government noted and added that the only possible rate for crisis phenomena – 6-6.5 hryvnias per dollar.

Yulia Tymoshenko also noted that the Government does not share the situation with credit interest.

According to the Head of Government, none of the countries of the world proposes its real economy the credits at 30-35% interest per annum and bank rate reduces to zero. The situation in Ukraine with the cost of credit rate results in impossibility to obtain credit and in economic stagnation.  

“I’d like to ask to stop such things because nobody is entitled to destroy the country because of the political combats,” Yulia Tymoshenko emphasized.

Yulia Tymoshenko also reminded that the NBU activity is outside the Government’s competence.