Prime-Minister: Ukraine will not stand the exchange rate of more than 12 UAHUSD

The acceptable for Ukrainian economy rate is 12 UAHUSD, said the Prime-Minister of Ukraine at a meeting of the Cabinet of Ministers.

The government provides all the necessary support to the National Bank of Ukraine in regard to the stabilization of the exchange rate and hopes that it will be stable in the nearest future, said Prime-Minister Arseniy Yatsenyuk.

“The acceptable for Ukrainian economy rate is 12 UAH/USD. We will not stand a higher rate”, said he, opening the meeting of the Cabinet of Ministers on Wednesday.

Yatsenyuk reported that a day before he conducted consultations with the Head of the National Bank and was going to conduct another round of them soon. “As the head of the government I am ready to provide everything necessary for the stabilization of the situation in the currency market. I am sure that the National Bank is effective enough to stabilize the situation”, quotes him Interfax Ukraine Agency.

He stressed that the government does not enter the currency market to buy dollars and covers its needs with its own resources.

Yatsenyuk went on to say that another tranche of the IMF credit to Ukraine is expected on August 29, which will allow the country to restore its gold and currency reserves and positively influence the course.