The Verkhovna Rada has appointed ex-head of Oschadbank Andriy Pyshny to the post of head of the National Bank of Ukraine.

The corresponding decisions were supported by 290 MPs on Friday.

According to Zhelezniak, Pyshny attended the meeting of the Verkhovna Rada.

During the meeting, he noted that international reserves had grown from $23.9 billion to $24 billion since the beginning of October, and stressed that he considered the decisions on restrictions adopted during the war to be adequate. At the same time, he indicated that he would keep the key policy rate at 25% for the time being.

The banker added that the hryvnia exchange rate, determined by the NBU, corresponds to economic realities, and its fluctuations in the market are due to a psychological factor. The head of the NBU noted that he is not yet ready to predict the exchange rate.

Pyshny also pointed out that the course of domestic debt policy should be coordinated with international partners, and noted that the NBU sees a lack of effectiveness in the monetary transmission.

The newly appointed head of the regulator stressed that Ukraine needs more than $30 billion to cover the deficit, which can be provided by international partners, but only with the support of the IMF. In addition, he welcomed the statement of the Ministry of Finance on the need to abandon emission financing of the budget, but stressed that this depends on international partners and their support.

As reported, Pyshny was named as a possible candidate for the post of head of the NBU even before the start of the war, when the topic of a possible change of the central bank head arose several times. At the same time, the ex-head of Oschadbank was ready to compete for the post of head of Ukreximbank, but due to the war, the corresponding competition was canceled. In May of this year, Pyshny became an adviser to the head of the board of Oschadbank. He is also a member of the Yermak-McFaul sanctions group.