The Government promised to stabilize the hryvnia in two weeks

12 April 2014 12:53  5565907 066738
The Government promised to stabilize the hryvnia in two weeks

Ukraine expects for the decision of the IMF on the economy lending program within two weeks to receive financial aid for increasing reserves and stabilize the exchange rate.

This was announced on the First National TV by the Prime Minister Yatsenyuk, the UNIAN reported.

"We expect for the decision of the IMF within two weeks, Ukraine will receive a serious financial assistance. The country has been robbed, there are no reserves. As soon as we have reserves, we will immediately stabilize the exchange rate," - the head of the government said.

Yatsenyuk said that he is confident about the future.

"I'm very confident about our future. Times are hard, but these times will pass too. It's up to us how the country will develop. We can do anything," - the head of the government said.

Earlier, during the traditional briefing in Washington, the Director of the European Department of the IMF Reza Mohkhadam also noted that first credit tranches for Ukraine under the program of cooperation with the IMF would increase foreign exchange reserves of Ukraine and help to stabilize the national currency, which now shows a very high volatility .

Ukraine hopes to sign a cooperation program with the Fund at the end of April. The amount of funding will be about 14-18 billion dollars for two years. The first tranche is expected in the amount of 3 billion dollars.

As reported, the Ukrainian national currency has been rapidly depreciating recently. Hryvnia rate against the dollar on the interbank market closing on Friday, April 11, was 13.30 UAH per dollar, against the euro - 18.45 UAH per euro.

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