Hryvnia exchange rate depends on adoption of budget and extension of IMF program, - Yatseniuk

Prime Minister of Ukraine Arsenii Yatseniuk expects the parliament to be responsible in adopting the budget and extending the IMF program, as the rate of the national currency is contingent on it.

He stated this at a meeting of the Export Promotion Council on Thursday, Dec. 10, Censor.NET reports citing Cabinet press service.

Yatseniuk stressed that the monetary and exchange rate stability required "Ukrainian political establishment to be responsible for the fate of the country: it is necessary to vote for a balanced budget, implement the Ukrainian economy reform program assumed by the Ukrainian government and supported by the IMF."

Read more: Ukraine is ready for legal battle with Russia over $3 billion debt, - PM Yatseniuk

The prime minister reminded that the government had increased gold and foreign currency reserves from USD 6 to 13 bln. The accounts of the State Treasury contained UAH 108,000 (approx. $4,717), "and now we have almost reached UAH 100 bln (approx. $4,36 bln)."

"I expect the parliament won't just demonstrate understanding and unity but also the responsibility in the adoption of the budget and the extension of the program with the International Monetary Fund, as it directly influences the stability of the national currency, banking sector, and Ukraine's economy," Yatseniuk summed up.
Источник: https://en.censor.net.ua/n364544