KIEV, April 14 – The devaluation of the hryvnia is linked to Russia's aggression, protests in the southeast and a lack of forex reserves, although the expected a quick decision of the International Monetary Fund on the provision of financial aid to Ukraine will stabilize the exchange rate, Prime Minister Arseniy Yatseniuk has said.
"People see: here they have tanks, army and protests. What do people do? They run to banks to withdraw deposits and those who have hryvnias are running to exchange them to the U.S. dollars. The Russians know this when they are doing this," he said on the Donbass TV channel on April 11.
He said that Head of the National Bank of Ukraine (NBU) Stepan Kubiv told him about successful negotiations with the IMF being held in the headquarters of the organization.
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