The cost of the government borrowings has significantly reduced in recent years, the head of the advisory group under the head of the National Bank of Ukraine Valery Lytvytskyi said during the information meeting with representatives of the mass media on the topic "Statistical Products of the National Bank: opportunities for users" held in the National Bank of Ukraine on July 6, as ForUm learned from the NBU official website.

"In May our bond rates located abroad, exceeded 11%. Now it is almost at the level of 9%. It means that the world has understood that Ukraine is successfully undergoing a period of economic slowdown in the fourth quarter of the last year, resulted in a small acceleration through the stabilization in the first quarter of this year, as the May statistics evidenced," Lytvytskyi said.

According to him, currently Ukraine's financial market is characterized by stability: "We buy the currency, not only sell it. The cooperation between the Ukrainian central bank and leading central banks around the world is developing rapidly. I recall that a three-year contract in the currency swap of 2.36 billion dollar was signed during the last visit of the NBU chairman Serhiy Arbuzov to China."

In addition, Lytvytskyi said that those minor currency fluctuations having been observed in recent years are quite normal for a developed economy. "Reserve provisions are being collected to be spent when the time comes. We also do a clean credit issuance for the purchase of foreign currency when it is necessary and in the proper amounts," he added.


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