OREANDA-NEWS. July 13, 2011. The Ukrainian hryvnia is and will remain stable, President Viktor Yanukovych said at press conference for central, regional and international media. "There is no reason to believe that there will be fluctuations of the national currency exchange rate," he said.

He noted that the National Bank of Ukraine has about USD 37.5 billion of reserves. "There are dynamics of growth and by the end of this year we will have about USD 40 billion," he said, recalling that in early 2010 the reserves were about USD 26 billion. "In eighteen months we managed to increase the reserves by USD 11 billion," Viktor Yanukovych added.

The President said the banking system of Ukraine is currently stable. "We have not stopped our cooperation with the International Monetary Fund, which is a sign of stability of the Ukrainian banking system, and that the global financial community shows confidence in Ukraine's banking system," he said.