Smigel assured that the resignation Smoliy will not affect the hryvnia exchange rate

Шмыгаль заверил, что отставка Смолия не повлияет на курс гривны

The resignation of Yakov Smoliy as head of the National Bank of Ukraine will not affect the stability of the Ukrainian currency.

About this on air of the talk show “Freedom of speech Savik Shuster” said Prime Minister of Ukraine Denis Shmyhal, Government portal reports.

In particular, commenting on the resignation of the head of the NBU, the head of the Government noted that now the most important thing to prevent the formation of myths, speculation, and manipulation about this dismissal. At the same time, he noted that the independence of the National Bank are guaranteed by the Constitution of Ukraine and registered in the Ukrainian legislation.

“What under the law is the task of the NBU? The first is the stability of the monetary unit of Ukraine, the second is to ensure price stability, the third – ensuring financial stability, in particular stability of the banking system, and the fourth challenge is ensuring sustainability of economic development of Ukraine and support the economic policy of the Government of Ukraine, under condition of preservation of the first three,” said Smigel.

He also stressed that the Government and the NBU has developed a constructive relationship and are professional discussions that “are hard as are designed to ensure the four points, which are the tasks of the National Bank.”

“The liquidity of banks as of the beginning of this month about 200 billion hryvnias, the balance of the single Treasury account – 135 billion. We at the joint meetings did the General policy for overcoming the economic crisis and this is a gradual decline in the discount rate of the NBU,” – said Smigel, noting that the financial situation in the country is stable.

According to him, due to the resignation of the head of the NBU, which was to some extent was unexpected, of course there is tension and excitement, but “the law of Ukraine spelled out so that the replacement of the personality of the head of the National Bank will not affect the exchange rate”.

He also noted that the dismissal of the NBU Governor did not seriously affect Ukraine’s relations with international partners.

As reported, Chairman of the national Bank of Ukraine Yakov Smoliy of July 1, gave the President a letter of resignation because of a “systematic political pressure.”

In turn, the President’s Office assured that the Board of the NBU will continue its activities on the principles of independence and professionalism, adding that “the absolute priority is to ensure the independence of the National Bank of Ukraine”.

2 July President Vladimir Zelensky has submitted to the Verkhovna Rada representation for dismissal Smoliy from the post of head of the NBU.

The Verkhovna Rada Committee on Finance, tax and customs policy supported the draft resolution on dismissal Smoliy. On July 3 the Verkhovna Rada dismissed him from his post.

The Verkhovna Rada
Vladimir Zelensky
The government