No fundamental preconditions for further hryvnia devaluation, says NBU head

17:03, 18.02.2015 1 min read

There are no fundamental preconditions for the further devaluation of the hryvnia, Governor of the National Bank of Ukraine (NBU) Valeriya Gontareva has said.

"There are no fundamental preconditions for the further devaluation [of the hryvnia]. Moreover, as I said earlier, this year we will have the fully balanced current account, even taking into account various exchange rates," she said at the 11th investment conference of Dragon Capital in Kyiv on Wednesday.

"I still believe that this [the change in the hryvnia exchange rate] is more behavioral and it is not linked to fundamental indicators," she said.

Gontareva said that the banking system must be stabilized.

"We could clean everything that we are able to clean, but only macro-stability could provide for the real stability of the banking system," she said.

The hryvnia exchange rate on the interbank currency market fell by 29% in 2015, from UAH 19.00/$1 to UAH 26.75/$1.