The International Monetary Fund requires from Ukraine not devaluation of the hryvnia, but the rate flexibility, first vice Prime Minister of Ukraine Serhiy Arbuzov told a press conference, ForUm correspondent reports.

"The IMF requires not devaluation, but rate flexibility. Mission wants the rate to be formed on market conditions. At the moment, the offer fully meets the demand. We will not interfere artificially. The rate will be predicted and comprehensible. It will not fluctuate so much to trouble the citizens," Arbuzov assured.

According to him, it is the position of both the government and the NBU. "The formation of the rate is completely market process. Last year NBU interfered only with 8% of the total number of interbank operations. This is a very small number. The only thing they were made when it was needed. There were panic and speculative attacks. The rate correction in the multimillion country is a complex process," Arbuzov concluded.


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