Economics

PM Yatsenuk: exchange rate to depend on situation in Donbas

6 april 2015 | 11:00

According to the PM, if the situation in eastern Ukraine stabilizes, it will have a positive impact on the economy.

курс
The stabilization of situation in eastern Ukraine will have a positive impact on the Ukrainian economy
Exchange rate has been stabilized due to negotiations with the IMF, but it also depends a lot on the military situation in the Donbas.

This has been announced by the PM Yatsenyuk in his interview to the "1 + 1"  TV Channel.

"I want to be calm more than careful on the issue of exchange rate policy. This is the competence of the National Bank; everyone should be responsible for his own sphere. But, we negotiated with the IMF together and received the first $ 5 billion that went to stabilize the exchange rate. They are now in reserves, the rest – is also in reserves, but in governmental. The money will be directed to make the external payments. Now, we stabilized the exchange rate, and a lot depends on military situation," – commented PM Yatsenyuk.

Read more: Official exchange rate drops to UAH 27.86/USD

He added that, if the situation in eastern Ukraine stabilizes, it will have a positive impact on the Ukrainian economy.

In March, the International Monetary Fund predicted the exchange rate at UAH 22/USD throughout this year. 

Source: tsn.ua

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