PM of Ukraine Sees no Threat to Stability of Hryvnia
OREANDA-NEWS. February 21, 2012. Stability rate is not endangered. The Prime Minister of Ukraine Mykola Azarov said this on the evening air of "Shuster Live" TV-program.
"The National Bank maintains exchange rate and now is spending relatively small amounts comparable with the need to maintain the course. There is no threat to the stability of the exchange rate" - Mykola Azarov said.
The Head of Government noted that the National Bank had to spend more foreign exchange than buying because Ukraine has a negative trade balance and high price of Russian natural gas negatively impacts on situation: "Once again back to the topic, which for us is extremely important – it is high cost of Russian gas. First of all, this factor defines the negative, by which currency is more per month out of the country than comes".