First Vice PM of Ukraine: UAH Rate to Be Predictable
OREANDA-NEWS. March 21, 2013. The First vice Prime Minister of Ukraine Serhiy Arbuzov assures that the hryvnia rate will remain predictable and the Ukrainians should not afraid its significant floating.
This was started by him during a briefing in Kyiv.
"We guarantee that in the future the rate will be predictable and understandable. If it is somehow floating, it will not give rise to concern for our citizens," Serhiy Arbuzov said.
He noted that the intervention of the National Bank in the process of exchange rate will be limited.
According to him, it is very difficult to artificially adjust rate in the multi-million country with such export potential, which is Ukraine.
"Now on the interbank foreign exchange market supply fully satisfies demand. We will not artificially interfere in the process. This is the position of the Government and the National Bank," the First vice Prime Minister said.
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