Ensuring the stability of the national currency has enabled the Ukrainian producers to operate normally in the foreign markets and has increased confidence in the local currency, President of Ukraine Viktor Yanukovych said during the extended meeting of the Cabinet of Ministers, ForUm correspondent reports.

"Hryvnia has been stable for three consecutive years. This fact has enabled the Ukrainian producers to work properly on the foreign markets. Stable rate increases public confidence in the national currency. Deposits in hryvnia have grown by more than 86%, including this year – by almost 17%," the President said.

Yanukovych said that the balanced monetary policy of the National Bank of Ukraine has helped to lower inflation. He said that this year's inflation rate remains low - 0.2%.

The President also praised the state of the banking system of Ukraine. "We have strengthened the Ukrainian banking sector by reinforcing, in particular, the deposit insurance system.

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