Yatseniuk: Ukraine's Economy will not sustain the rate above 12 UAH per dollar

In Kiev we hope that the new tranche of the international monetary Fund to help stabilize the situation on the currency market of Ukraine, said at a government meeting, Prime Minister of Ukraine Arseniy Yatsenyuk.
" We expect that on August 29, the IMF Board of Directors will adopt a positive opinion about the new tranche that will enable Us to increase reserves, and this will be reflected positively on the foreign exchange market ", - said the Prime Minister, quoted by ITAR-TASS. According to him, Ukraine " acceptable course - 12 UAH per dollar. Another course We cannot endure "." We do everything we can to stabilize the course, ready for new steps to normalize the foreign exchange market. I think the national Bank of Ukraine will have enough professionalism to stabilize the situation. We need quick and effective solutions to the country's economy ", - said the Prime Minister. He added that the sharp devaluation of the national currency was due to the situation in the East of the country." in the 1st and foremost, this is due to the war, " said the Prime Minister. First of Kyiv authorities said that Ukraine wants to join the third and fourth tranches of the international monetary Fund and get 2, 2-2, 3 billion dollars. Ukraine received at the beginning of may 3, $ 2 billion from 17 billion package of loans from the IMF. The allocation of the second tranche of $ 1, $ 4 billion depends on the implementation by the Ukrainian authorities ' reform program. The first evaluation mission ended in Kyiv in July, and the Fund's decision on the second tranche is expected in late summer. Ukraine is in a difficult political crisis that affects so not the best state of the economy and its budget. The national Bank of Ukraine did not exclude inflation to 19% in 2014. Also the Finance Minister of Ukraine Oleksandr Shlapak said that protracted " special operation " in the East of Ukraine led to the exhaustion of all the funds that were allocated for its implementation.

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sections: Politics