The Cabinet of Ministers and the National Bank of Ukraine (NBU) are working to maintain exchange rate and price stability in the country, Prime Minister Denys Shmyhal has said at a briefing at Kryukiv Railway Car Building Works in Kremenchuk, the Poltava region, when asked whether the government was discussing with the NBU the exchange rate of UAH 30 per U.S. dollar and economic recovery by stimulating inflation.
“Such issues are not discussed with the National Bank. The National Bank conducts its own monetary policy. Today, both the government and the National Bank are working to maintain exchange rate and price stability,” Shmyhal said.
He said the government was interested in the development of industry and investment in industry, “but it is not a matter of additional issuance of funds, it is not a matter of the fact that the exchange rate should be artificially raised or lowered.” (Ukrinform/Business World Magazine)
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