Prime Minister Yulia Tymoshenko says that Yushchenko's statement about the government allegedly weakens the hryvnia does not reflect reality, reports the Media Department of the Cabinet's Secretariat, according to UkrInform.

"Under the Constitution and legislation, the National Bank of Ukraine and the President are in charge of the monetary policy in the country. But I do not want confrontations, this is not a time for competition among the branches of power, it is necessary to join efforts to combat the main enemy - global crisis and no one will pull me into such confrontations," Tymoshenko said.

According to Viktor Suslov, the Chairman of the State Commission on Regulation of Financial Services Markets in Ukraine, the President's criticism against Tymoshenko's government regarding the hryvnia rate has no economic grounds.

"There are no threats to hryvnia's stability on the part of the NBU monetary policy and the Cabinet budget policy. Hence, the criticism is of purely political nature," he said.


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