Prime Minister Yuliya Tymoshenko predicts strengthening of Ukraine's national currency, hryvnia. "I think that the hryvnia will be strengthening, and there are no grounds for its further weakening," she told a press conference in Kyiv.
Tymoshenko said that she remains opposed to the currency exchange policies being conducted by the National Bank of Ukraine and added that the current exchange rate of the national currency is excessively devalued.
“For such re-devaluation there were neither financial nor economic grounds in Ukraine. But the Government cannot influence such policy and we are the hostages to this policy,” Tymoshenko emphasized.
Moreover, the Premier noted that the NBU and the Cabinet of Ministers would determine a final list of banks that are to be recapitalized. She specified that these banks would be selected under such principles as the presence of a significant number of depositors, problems with the payment of deposits, as well as the role and scale of banks in the country's banking system. The central bank continues retaining the official hryvnia exchange rate at UAH 7.70 / USD 1 this year, which was set late in 2008.
