President Petro Poroshenko on March 13 argued that a good climate is being created in Ukraine for rebuilding confidence in the country's banking system.
The effective dialog of the National Bank of Ukraine (NBU) and the government, the International Monetary Fund’s (IMF) approval of a $17.5-billion loan as part of a $40-billion assistance package have been an important factor in this, Poroshenko told the 1+1 television channel.
“Today, if the [hryvnia] exchange rate has stabilized, the withdrawal of deposits has halted, if the National Bank and government jointly decide to lift restrictions on drawing money from deposits, it means the restoration of confidence in the banking system. I’m sure that they must be ready for this and should make decisions to that effect shortly,” he said.
Commenting on his role in the stabilization of the hryvnia in the period of its spike in February, Poroshenko said that the main goal of a meeting held by him with top managers of the NBU, government and parliament was to stop the extremely dangerous development of events and retain the planned program with the IMF.
The president said that it is almost impossible to avoid devaluation and inflation in the conditions of hostilities and the sharp worsening of the economic situation in the country.
He said that the economy should be triggered, investment and additional financing should be attracted, exports should be increased to ensure the surplus of the balance of payment, and the IMF program with another international aid would promote this.
The president said that the government and NBU held the effective dialog and the pace of deposit outflow has slowed.
