It reads a joint ordinance of the Cabinet of
Ministers and the National Bank of
Under the instrument, if an authorized Gov’t member disagrees with a decision of the NBU Board on providing with stabilization credits for refinancing of banks, he should address to the Cabinet of Ministers of Ukraine, which within 5 days has to approve a final decision.
Pursuant to the ordinance, short term credits for refinancing of up to 14 day-term will not call for coordination.The Government has appointed the First Vice Prime Minister Olexandr Turchynov as an authorized representative of the Cabinet of Ministers.
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