Possible technical default will not affect banking system, fiscal state of Ukrainians - Jaresko
A possible technical default will not affect the Ukrainian banking system or the financial state of the country's citizens, Finance Minister Natalie Jaresko said on the TSN. Tyzhden TV program on Sunday night.
She said that the suspension of payments on foreign debts is equal to a technical default, but "we should not be afraid of this word."
"It won't affect our banking system. It won't affect the deposits of our citizens, the currency, our hryvnia. Someone deliberately uses [the word] to intimidate people when it is not necessary to do this," Jaresko said.
The finance minister also said that the International Monetary Fund provides public support to Ukraine and that Ukrainians should not feel that "all our lending programs will run out."
Advertising
Advertising
MORE ABOUT
Jaresko heads supervisory board of Aspen Institute in Kyiv
18:39, 27.05.2016
Finance Minister Jaresko declares UAH 121,700 income for 2015, keeps UAH 56.8 mln in banks
18:44, 06.04.2016
Jaresko will head Ukrainian delegation at business forum in Netherlands on March 30
17:51, 29.03.2016
Jaresko, Muiznieks discuss ways to help Donbas refugees
09:49, 28.03.2016
Jaresko, Muiznieks discuss ways to help Donbas refugees
14:29, 26.03.2016
LATEST
Four MPC members expect reduction of key policy rate to 11.5-12% by late 2024, remaining 7 expect fall to 13% – NBU
13:58, 06.05.2024
NBU develops alternative scenario in case of higher security risks with GDP growth in 2025 by 3.3%
11:03, 06.05.2024
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy