Deputy Minister of Finance, the former deputy head of the National bank Alexander Savchenko considers unreasonable interference with the strengthening of the hryvnia exchange rate of the NBU.
He stated this in an interview with “Evening News”.
“UAH is now stronger, and its rate would long ago have reached 7,5 UAH /USD, if not the National Bank. He buys dollars, creating a lack of them in the market to keep the rate at grades 8 UAH /USD … But I would recommend National Bank to reduce support for the dollar. Let the rate will reach its market level, “- said Savchenko.
In his view, non-market rate, currently emerging, leading to wrong investment decisions of both the state and business.
“In other words, not knowing the true state of affairs, nowhere can invest with confidence,” - noted the Deputy Minister of Finance.
Savchenko stressed that the government considers a realistic forecast of average annual hryvnia exchange rate 7,5 UAH /USD for 2010, which was taken as the basis for drafting the state budget-2010.
“I think it is very realistic forecast,” - he said.
Savchenko refrained from making any recommendations regarding storage of savings in any currency.
“I”m not going to give add26vice to the upcoming presidential election and appointment of the new leadership of the National Bank”, - he said.
According to the Deputy Minister of Finance, the hryvnia will largely depend on what policy will meet the Ministry of Finance and National Bank of Ukraine after the elections.
As earlier reported, in December 2009, the hryvnia rate on the interbank market, mostly in the range of 7,96-8,02 UAH /USD, while the NBU often redeemed the excess supply of dollars on 7,9650-7,9800 UAH /USD, thereby impeding a significant strengthening of the hryvnia.
Today”s leaders and growth, and trading volume knocked out by action Uralkali
“Finam” raised the assessment of shares of Wimm-Bill-Dann
Quotations of “black gold” steadily moving up on the anomalous cold in the U.S. and Europe
External background allowed “bulls” to take the initiative in their hands and lead the market higher levels of highs last year
The greatest interest of buyers is concentrated in stocks in metallurgical engineering: more than 10% gain weight paper Severstal, MMK and Norilsk Nickel
Domestic production in the U.S. have become the main driver of growth of U.S. stock indices
Russia”s oligarchs are queuing for the London listings
Until the end of the session, Russia”s stock market may make another attempt to reach the daily maximum
During the period from 28 to 31 December 2009 the ld40eaders of the negative impact on RTS Index became shares of Gazprom, Rosneft and LUKoil
No Comments, Comment or Ping
Reply to “Deputy Minister of Finance Savchenko considers unreasonable interference with the strengthening of the hryvnia exchange rate of the NBU”