President Viktor Yanukovych states the advance in public confidence in Ukraine's hryvnia.

"We observe a deposit growth in banks. Most of deposits are in national currency. This indicates that the Ukrainians have confidence in the Ukrainian currency, the Ukrainian banking system, the Ukrainian economy as a whole," the President said, delivering the speech at the Party of Regions congress.

Moreover, Yanukovych stressed that the authorities managed to maintain a stable rate of hryvnia, and the deposit growth allows increasing economy financing.

Yanukovych stands for a flexible exchange rate dynamics within the currency band.

According to the National Bank, hryvnia deposits in June increased by 2.461 billion UAH or 1.4%, from 177.684 billion UAH as of June 1, 2012 up to 180.145 billion UAH as of July 1, 2012. Since the beginning of 2012, hryvnia deposits have increased by 22.142 billion UAH or 14%.


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