Ukrainian Vice Premier Sergiy Tigipko has called for the strengthening of the hryvnia
exchange rate, but said he is not criticizing the actions of the National Bank of Ukraine on maintaining exchange rate stability.
Savchenko is one of three deputy chairmen of the bank, which has come under repeated fire from the government and Prime Minister Yulia Tymoshenko for its failure to support the hryvnia
has lost about 82 per cent of its value since September, when the global financial crisis took hold, the same percentage loss as during the 1998 crisis that wrecked Russia's economy and spread throughout the region.
corporate loans issued by state-owned banks somewhat decreased and increased in foreign-owned and private banks instead.
But Ukraine is by far the poorer of the two, and the collapse in the hryvnia
This change reflects our bearish outlook for global metallurgical markets next year, our expectations for hryvnia
devaluation, and expectations of a retrenchment in government spending.
The NBU will publish the hryvnia
exchange rate as of both the current day and the following day.
The Kiev District Administrative Court has granted the application of SOCAR Energy Ukraine (the Ukrainian subsidiary of Azerbaijan's state oil company SOCAR) to secure the claim by prohibiting the Production Supplement Centre of the JSC Ukrzaliznytsia (Ukrainian Railways) to take any action to sign a deal for supply of 10,000 tons of diesel fuel at 2,820 hryvnia
($108.13 ) per ton, enkorr website reported referring to the court decision dated May 16.
The bank had earlier employed the team to move the country's national currency, the hryvnia
, to a blockchain.
The Russian ruble has fallen to a record low against the euro, and a five-year low against the dollar, Yahoo Finance reported on Wednesday, amid concerns of a Ukrainian default as the hryvnia