Ukrainian hryvnia has a very high level of protection against counterfeiting, associate director of the Federal Reserve Michael J. Lambert said in exclusive comments to BTB Ukrainian TV-channel.

He stressed that combating counterfeiting is one of the main tasks of financial regulators worldwide and noted the high level of professionalism of the National Bank of Ukraine in combating counterfeiting.

Lambert acknowledged that dollar is the most popular currency among the counterfeiters. The U.S. Federal Reserve representative cited statistics, according to which cash circulation worldwide has fake dollar bills in the amount of at least ninety million dollars.

"Certainly, the National Bank of Ukraine is taking the necessary measures, as well as other world financial regulators, to protect its currency. Each of them knows the specific threats existing for each currency, and the best way to protect yourself from them. Therefore, I think that the Ukrainian central bank does its job well," Lambert said.


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