Arseniy Yatsenyuk: National Bank shall promptly restore order in the foreign exchange controls area

"The National Bank shall promptly restore order in the foreign exchange controls area", said Prime Minister of Ukraine Arseniy Yatsenyuk in the program The Shuster LIVE on the First National TV channel on Friday, November 14.

"There is a flow of dollars into the country. Imports have decreased by 30% - less cars are bought, less kinds of imported goods. This means that, in principle, we have the ability to stabilize the currency," said the Head of Government.

Arseniy Yatsenyuk said that Prime Minister cannot comment on the actions of the National Bank – as the National Bank is an independent institution, which makes decisions on its own, but he considers it necessary to explain to Ukrainians what happens to the exchange rate.

He stressed that by now, over 20% of deposits worth 126 billion UAH had been withdrawn, "People see that the country is in war. The person feels fear, he goes to the Bank, withdraws hryvnias or dollars, exchanges all of the hryvnias for dollars, and accumulates the dollars in a safety deposit box - it applies primarily to large deposits. And he is waiting when the situation stabilizes".

At the same time, with the high exchange rate we are having now, it is impossible to repay bank loans, “The banks have no money. And it leads to a liquidity crisis and the situation in which war, speculation in the foreign exchange market and panic – all these have entailed the course to grow up to 16".

"Is there a way out? Yes, there is. First, the National Bank is obliged to restore order in the foreign exchange control, without delay. What does the foreign exchange control mean? It means what people buy dollars for, where and for what they send them," explained Arseniy Yatsenyuk.