Deputy Governor of the National Bank of Ukraine Oleksandr Savchenko has resigned as a protest against the external intrusion into the NBU's activities and ineffective policies conducted by the central bank's leadership.
"I have filed my resignation. It would be dishonorable to remain silent and wait. The NBU is not independent, it is engaged in politics, and sometimes it is being involved in certain schemes and speculations," he said at a press conference in Kyiv on Thursday.
According to him, there is an unprecedented intrusion into the NBU activities by the president, his secretariat and other structures - parties, groups, and various commissions investigating the central bank's activities. At the same time, he didn't mention the government.
Savchenko accused the NBU leadership of speculation on forex market, and conducting the refinancing of commercial banks in such a way that certain banks receive larger shares, which they could direct to the currency market.
He also criticized the NBU's credit policies as discouraging crediting activities.
