Arbuzov: technical default in the banking system of Ukraine has already arrived

The financial system of Ukraine is in a state of technical default, the current government is not able to cope With the situation, said the former Head of the National Bank of Ukraine, former Acting Prime Minister Sergei Arbuzov.

The hryvnia exchange rate in last month of summer was several times renewed historic lows, on August 28, the Rate of the Ukrainian exchange was 13, 44 per dollar. For the period From January of this year the dollar To hryvnia increased by 75%. The head of the national Bank Valeriya was noted that a balanced Rate of the national currency in Ukraine is only in the case of the cessation of hostilities in the East. In her expressions, the real level of the course is placed on level eleven, 5-11, 9 hryvnia per dollar.

" Technical default in the banking system has already arrived. Most banks simply do not issue deposits. Know foreign organizations that do not have the opportunity to return the investment.

Unfortunately, at the rate of 13 hryvnia per dollar legal respect of the fact of default - a question of time, " Arbuzov said in an interview Last news .

He said that the rating Agency Fitch has recently reduced chart of Ukraine in the national currency in to the CAS." This so-called " extremely speculative " level is a statement of serious issues in the economy, " explained Watermelons.

for reviews of policy, the current situation on the currency market is a natural consequence of the actions of the Cabinet of Ministers of Ukraine And the National Bank, who wanted to " jump " at one point of the system of exchange rate corridor in his state-regulated navigation.

" No tranches (IMF) will not save hryvnias, if not eliminated the fundamental causes of the devaluation. And only one of such reasons is the glaring incompetence of the people who currently solutions in the field of public Finance And exchange rate ", - said Arbuzov.

Read the full text of the interview


sections: Politics