The FINANCIAL — Prime Minister Mykola Azarov is confident of stable exchange rate of the Ukrainian national currency – the hryvnia.
Ukrainian News learned this from a statement by the press service of the Cabinet of Ministers citing Azarov's statement during the seventh session of the Vienna economic forum.
"The hryvnia is not just stable enough, it is absolutely stable," said Azarov.
According to the Ukrainian prime minister, the political stability in Ukraine allowed achieving financial and budget stability.
After the deficit of the national budget of 15-16% in 2009, the deficit fell to 5% in 2010 and will shrink to 3-3.5% in 2011, he said.
Prime Minister Mykola Azarov expressed his appreciation at the growth of the forex reserves of the National Bank of Ukraine from USD 26.505 billion in January 2010 to the current USD 34.252 billion.
As Ukrainian News earlier reported, Vice Prime Minister Serhii Tihipko sees no reasons for devaluation of the hryvnia.
Since January 2010 until November 5 the hryvnia exchange rate on the interbank forex market strengthened by 0.25% from 7.98 UAH/USD to 7.96 UAH/USD.
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