President of Ukrainian National Bank promises to stabilize currency

President of the Ukrainian National Bank Stepan Kubiv has promised to stabilize the national currency (hryvnia), ITAR-TASS reports.He said that measures to stabilize the currency will be proposed this week. A detailed program will be presented to the parliament soon.The official noted that it was important to form a proper climate for foreign investments.The value of the hryvnia has dropped by 14% since early February to 9.85 hryvnias per dollar. It is close to the record of over 10 hryvnias per dollar registered on December 18, 2008.

President of the Ukrainian National Bank Stepan Kubiv has promised to stabilize the national currency (hryvnia), ITAR-TASS reports.

He said that measures to stabilize the currency will be proposed this week. A detailed program will be presented to the parliament soon.

The official noted that it was important to form a proper climate for foreign investments.

The value of the hryvnia has dropped by 14% since early February to 9.85 hryvnias per dollar. It is close to the record of over 10 hryvnias per dollar registered on December 18, 2008.