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Cabinet urges NBU to quicken UAH rate strengthening
22.05.2008 11:53 "Agro Perspectiva" (Kyiv) —
Cabinet has asked NBU authorities to accelerate UAH rate strengthening. “Stop thinking over, start acting !” declared Vice Premier Grygoriy Nemyria while addressing NBU authorities. As to Nemyria, Government officials regard growth of UAH rate against US$ as one of main means to curb inflation: due to UAH rate strengthening, imported goods will become cheaper on Ukrainian market. Earlier, Prime Minister Yuliya Tymoshenko declared it was global prices growth that had triggered Ukrainian domestic market prices accelerated rise. Reportedly, within last few weeks UAH/US$ rate has been strengthening in currency exchange offices, while NBU retained official exchange rate 5,05 (unchanged against previous).
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