Poroshenko promises to stop the attack on the hryvnia

26 September 2014 09:43  1380312 081222
Poroshenko promises to stop the attack on the hryvnia

President Poroshenko said he would do everything in his power to stop the attack on the hryvnia and fight speculators.

He said this at the press conference in Kyiv.

"Problems with the dollar rate consist of several aspects. First, it is unfavorable external situation for Ukrainian export goods. Grain prices have fallen by 40%, prices of iron ore - by 50%. Export revenues have decreased," - the president said.

"The industrial potential of the East, which was destroyed, stopped shipping their products. In war time, there are no investments into the country and the dollar rate is an objective reflection of these processes," - he added.

However, the head of state stressed that "this is not the sufficient answer."

"For today, someone is trying to start inside the country the same war that we have in the East, undermining the stability of the state and the stability of the exchange rate in particular" - Poroshenko said.

According to him, it requires joint efforts of all branches of government - the head of the National Bank, the speaker of the Parliament, the Prime Minister and the President.

"We must do everything to protect the Ukrainian currency and Ukrainian citizens from inflation and instability. I assure you that I will do everything I can within the law to stop the attack on the hryvnia, speculation, attempts to spread panic, in particular through black traders who make fake quotes. We must return stability to the foreign exchange market ", - the president said.

"What we need to do first?   To do this, we need to implement the reform "Strategy of Ukraine 2020", build the investment climate, end the war," - he said.

Besides, he added, it is necessary to reconsider the IMF program given the current situation, and attract macro-financial assistance in amount of EUR 1 billion from the EU.

Ekonomichna Pravda 

The video of the President's interview - HERE.

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