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Volodymyr Groysman: There are no market grounds for the devaluation of hryvnia
03.09.2016 | 17:30
INFORMATION AND COMMUNICATION DEPARTMENT OF THE SECRETARIAT OF THE CMU

Prime Minister of Ukraine Volodymyr Groysman explains devalorization of currency as seasonal fluctuations and predicts stabilization of the situation on the currency market in the near future. This was stated by the Prime Minister during a conversation with journalists on the Vinnytsia City Day on Saturday, September 3.

"The situation will be absolutely stable. I think these are seasonal exchange fluctuations. There are no any risks for the Ukrainian citizens, we can't see them", said Volodymyr Groysman, commenting on the recent decline in the hryvnia.

According to him, there doesnt exist any objective fluctuations which require the participation of authorities.

"I consider that there are no market grounds for the Ukrainian hryvnia depreciation in any way today", said Volodymyr Groysman.

The Head of Government noted that the National Banks of Ukraine foreign exchange reserves are sufficient.

In addition he stressed that Ukraine had received a positive signal from the International Monetary Fund. "We expect that in September we will continue our cooperation", he said.

According to him, the tranche will amount over a billion dollars. "These funds will be directed to fill the foreign exchange reserves of our country. A billion added to the currency holdings will also contribute to the strengthening of the national currency", the PM explained.

"We believe in September well get a positive decision", said the Head of Government.

 

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