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Yuschenko Unsatisfied With NBU Exchange Rate Policies (15:19, Monday, December 1, 2008)

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President Viktor Yuschenko is unsatisfied with the actions National Bank of Ukraine (NBU) leadership is taking to stabilize the exchange rate policies, president's press secretary Iryna Vannikova has announced.

"The president is not satisfied with actions of the National Bank leadership to stabilize the exchange rate policies," she said.

In her words, Yuschenko gave the NBU executives a couple of days to stabilize the exchange rate policy; in the event negative trends worsen the head of state would be compelled to take tough decisions.

As Ukrainian News earlier reported, President Yuschenko said the stabilization and maintenance of the hryvnia exchange rate is the priority-driven task of the National Bank.

The National Bank lowered the hryvnia's official exchange rate that corresponds to the average rate at which transactions are concluded on the interbank currency market by 13.59 kopecks to 6.8777 UAH/USD for December 1.



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