Danylyshyn, Minister of Economy, criticized independence of National Bank of Ukraine (NBU) in his address "Government and National Bank: searching for common strategy". He noticed that the NBU should become closer to executive branch instead of undermining its economic policy. He said that government runs a budget deficit and instead of helping the gov't NBU undermines its policy by treating the deficit and the main inflationary cause...NBU's top management got criticized for shady distribution of refinancing funds, selling currency to selected buyers at lower rates, rumored participation in currency exchange speculations.
Among other things Minister suggested that the Head of NBU is nominated by the government. Current Head of the NBU Stelmakh retires on December 15, 2009. In case Yuliya Tymoshenko wins the presidency she will propose her own nominee to occupy this post.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment